Mexican peso
Markets close mixed on Trump ultimatum to Iran and ceasefire
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Wall Street closed mixed on Tuesday as markets awaited Donald Trump's ultimatum to Iran to reopen the Strait of Ormuz. Hours after the close, Trump announced a bilateral ceasefire agreement. Mexico's BMV fell 0.66% amid geopolitical tensions.
The Mexican peso appreciated 0.07% against the dollar on April 27, closing at 17.38 units, due to stalled negotiations between the United States and Iran. President Donald Trump canceled the second round of talks scheduled in Pakistan, while Iranian representatives traveled to Russia. Global markets showed mixed reactions to the uncertainty.
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The Mexican peso faces pressure after failed US-Iran talks and President Trump's April 12 announcement closing the Strait of Hormuz, reversing last week's gains from the truce. Analysts expect dollar strength, higher oil, and stock declines when markets open Monday, April 13.