2024-11-17 22:27:00
*Donald Trump’s tariff measures and the analyzes of the 2025 economic package by rating agencies will affect the value of the Mexican peso against the dollar.
UNITED STATES/El Financiero.- The implementation of the economic policies of donald trump will have strong repercussions on the financial market and in the emerging currencies mainly in the value of Mexican peso on the dollar.
The report of financial indicators of CI Bank points out that the measures of the president-elect of the United States announced during his campaign, plus the cabinet appointments, will present an increase in market volatility.
Investors and the world economy will be attentive to the possible modifications made by Donald Trump, once he returns to the White House in mid-January 2025.
The changes that the Republican administration may make will have a strong impact on the American economy especially in inflation measures and in cuts in the interest rate of the Federal Reserve (FED). In turn, they will have a ‘domino effect’ on global economies and currencies.
Another of the factors that may ‘affect’ the exchange rate in México are the analyzes of rating agencies such as S&P and Fitch about him economic package 2025 and the fiscal deficit recently presented by the Ministry of Finance and Public Credit (SHCP).
What economic measures by Donald Trump could affect the peso?
Donald Trump announced in recent days that he will seek to turn around the economic policy of the United States from the elimination of regulations, which affects the markets, and tax cuts.
The modifications will be carried out, mainly, by the Department of Government Efficiency (DOGE), which will be headed by the millionaire tycoon owner of Tesla, Elon Musk.
The department, which will be created during Donald Trump’s second term, will have the task of reducing the 428 US federal agencies in order to reduce the public spending and redirect federal resources.
The next American president seeks, with these cuts, to reduce the US federal budget at 2 billion dollars. Last year, the North American country’s fiscal spending reached 6.75 trillion dollars.
These announcements by Donald Trump have not yet had an effect on the cuts by the Federal Reserve, which adjusted the reference rate to 4.50 percent. The effects of Trump’s economic policies are expected to begin to have an impact once his term begins.
