2024-07-19 13:18:52
The message after the attack on Donald Trump that it was a lone attacker and that there was no one behind him, he managed to contain the nervousness in the markets and there were no surprises, he said. Jorge Arturo Gordillo Ariasdirector of economic analysis at CI Bank.
“The attack did not cause any major problems in the markets, although it is still serious, but there may still be some repercussions in the future.” exchange rate“, he added.
Gordillo Arias stated that with this incident Trump gained strength and rather than harming him, it positions him in his race towards the presidency of USA.
The financial analyst recalled that the American electoral system is different, because there more than wishes It is measured by the number of districts won, “you have to have the majority of districts won to be the winner of the choice”.
He indicated that Joe Biden He had a better speech before the I’LL TAKE Despite some hesitation after rumors of poor health due to his advanced age, “his speech was good, although we will still have to wait.”
He stressed that there could be great volatility as Trump’s candidacy gains strength, that is what could worry the market, because not everyone is happy with a return of the New Yorker to the White House.
Gordillo Arias highlighted that the four main challenges for our currency will still be to overcome the judicial reform in September, the United States election in November, how the transition of power is carried out Claudia Shienbaum and understanding what the budget for the first year of government in 2025 will be like, that of course can move the exchange rate from its center.
“CI Banco is projecting the peso in 18.50 units for green currency towards the end of the year.”
About, Janneth Quiroz, Director of Economic Analysis of Monex Financial Group, He commented that there was indeed an impact on the weight after the attack on Donald Trump, although it took two days for the exchange rate to change (until yesterday, Monday).
The depreciation, he said, is 1% and there are several currencies of emerging countries that are affected. Quiroz, The attack on Trump adds points to the probability that he will win the presidential election.
“There is particular nervousness for Mexico knowing that during his last term he maintained critical rhetoric against our country…”. DI hope there is no financial uncertainty due to the likelihood of a new attack, since after what happened over the weekend, the US Secret Service will increase Trump’s security to prevent anything else from happening.
Quiroz said that towards the second part of the year, the main challenges that we see for the exchange rate are how plan C and the so-called judicial reform will be composed, that can cause volatility as well as the United States election itself where it is expected that some possible declaration against Mexico by the Republican candidate could move or destabilize the exchange rate.
It happened that in addition to the election in EU from November 5th the economic package that will be announced Sheinbaum by 2025 it could again generate volatility for the exchange rate.
“In Mexico There is much expectation about whether or not the fiscal deficit will be able to be reduced as proposed in the pre-criteria and, in any case, if not, how will it still be financed, since the size of the deficit will be the focus at the end of the year.”
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2024-07-19 13:18:52