The US dollar experienced a decline of approximately 2% over the past week, driven by easing trade tensions between the United States and China. This reduction in commercial friction contributed to a more favorable environment for emerging market currencies and equities. In Latin America, the Mexican peso appreciated for the third consecutive week, closing near 19.50 pesos per dollar with a weekly gain close to 1%. The Mexican Stock Exchange (BMV) posted its best weekly performance since June 2020, rising nearly 7% to close at 56,720.12 points, marking three consecutive weeks of gains. Similarly, Brazil's Ibovespa index reached a new high for the year, closing the week with an increase of about 4%. US stock markets also ended the week with gains, while Latin American markets showed mixed results. The Argentine peso, particularly against the unofficial 'dólar blue' rate, was noted as the most appreciated currency in the region during this period. Gold prices declined by 2%, pressured by the strengthening dollar and reduced US-China trade tensions. The positive momentum in Mexican assets was highlighted as the best since the start of the current US presidential term in January 2025. Overall, the easing of trade tensions has supported a stronger dollar compared to recent months but has also benefited select Latin American currencies and equity markets.