This Monday, market attention focused on Donald Trump's inaugural speech as he assumed the presidency of the United States again. Although there were no surprises, there was a sense of relief as the tariff issue was put on the back burner. The Republican president reiterated his main campaign promises, including the imposition of tariffs on imports and support for the local industry. However, it was crucial for the market that he did not provide specific details on this matter, such as the affected countries or the level of tariffs.
In a gesture suggesting that the new government's tariff measures could be less aggressive than announced by Trump, the market reacted calmly. Although some sources consulted by Bloomberg indicated that Mexico is still not exempt from this threat. Despite the uncertainty, by the end of the day, the exchange rate remained stable, and the Mexican peso even recorded gains, reaching 20.54 per dollar, representing a 1% increase compared to the previous close.
During the day, the market experienced slight movements, such as when decisive measures on immigration and borders were announced, which led the exchange rate to touch 20.70 units per dollar. However, towards the end of the day, the currency returned to values close to 20.50 units. It is important to mention that in the United States, it was a holiday due to Martin Luther King Day, so Wall Street remained closed.
