The Mexican Peso (MXN) prolonged its agony and depreciated against the Greenback on Friday, set to achieve weekly losses of over 0.59% as the President of the United States (US) Donald Trump emphasized that tariffs on Mexico are moving forward on March 4. USD/MXN trades at 20.52, up 0.22%.

If US President Donald Trump is to be taken at his word, Mexican imports to the United States will be hit with 25-percent tariffs on Tuesday. On Tuesday, the tariffs he announced on all Mexican imports shortly after taking office are due to go into effect,

Trump in February had proposed—and then suspended—tariffs on Canada and Mexico, citing what he called insufficient efforts by the countries to prevent illegal immigrants and f