Mexico City. The peso felt the effects of the tariffs imposed by the United States on Wednesday and fears of a global recession. The Mexican currency depreciated against the U.S. dollar in the last session of the week, falling just over 50 cents, erasing the surprise gain reported on Thursday.

The exchange rate reported by the Bank of Mexico (BdeM) closed Friday at 20.46 pesos per greenback, representing a 2.6 percent drop or 52 cents loss compared to yesterday's close of 19.94 pesos per dollar.

In the week marked by the announcement of reciprocal tariffs applied by the President of the United States, Donald Trump, to around 60 countries, the Mexican currency remained practically unchanged, largely driven by yesterday's favorable closing price and the fact that Mexico did not receive any tariffs.

However, Friday's session was marked by several news items: this morning, it was announced that China will retaliate against the United States if a solution is not reached through dialogue.

But to begin with, the Asian giant has already announced that it will apply 34 percent tariffs on all US products starting April 10, in addition to other measures, such as controls on the export of rare earths.

Monex economists also highlighted that fears in international markets were fueled by the leak of a JP Morgan report, which indicates that the probability of a global economic recession this year has increased from 40 to 60 percent.

At bank counters, the dollar was offered for purchase at 19.84 pesos per dollar and for sale at 20.97 pesos, according to information from Banamex.