The Mexican peso regained ground on the morning of Tuesday, April 8. The local currency appreciated against the retreat of the US dollar as expectations of US tariff negotiations calmed markets and the country's protectionism focused on China.

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The exchange rate stood at 20.5099 per dollar, compared to a close of 20.6889 yesterday, according to official data from the Bank of Mexico (Banxico). This movement represents a gain of 17.9 cents, or 0.87%, for the peso.

The dollar price ranged from a high of 20.7152 to a low of 20.5062. The Intercontinental Exchange's Dollar Index (DXY), which measures the dollar against a basket of six benchmark currencies, fell 0.26% to 103.22 points.

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For now, the peso is benefiting from a correction in the dollar in the market, as are other emerging currencies. Local traders are wondering how far Mexico could steer clear of this scenario while they await this week's economic data.

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Original Note.