USD/MXNUSDMXN
Daily Market Briefing
Latest briefing
USD/MXN stabilizes near 18.41 as peso recovers from previous losses
Over the past 24 hours, the USD/MXN exchange rate has stabilized around 18.41 pesos per dollar, following a period of volatility. This stabilization comes after the peso's recent appreciation, which was influenced by a combination of factors, including U.S. economic data and Federal Reserve policy expectations.
Previous briefings
USD/MXN hits 11-month high at 18.60 amid U.S. inflation surge
The USD/MXN exchange rate has surged to an 11-month high of 18.60, driven by higher-than-expected U.S. inflation data. The Consumer Price Index (CPI) rose to 3.7% annually in September, surpassing both the previous 3.4% and the anticipated 3.6%, fueling expectations of potential Federal Reserve rate hikes.
USD/MXN approaches 18.40 as peso weakens amid market liquidity return
In the past 24 hours, the Mexican peso has depreciated against the US dollar, with the USD/MXN pair nearing the 18.40 mark. This decline is attributed to the resumption of market liquidity following the Columbus Day holiday and investor positioning ahead of the upcoming US Consumer Price Index (CPI) report.
USD/MXN remains stable at 18.26 amid steady industrial output.
Over the past 24 hours, the USD/MXN exchange rate has remained relatively unchanged, closing at 18.26 on October 13, 2026. This stability coincides with a reported 0.6% monthly increase in Mexico's industrial production for August, surpassing the previous month's growth of 0.5%. The annual industrial output also rose by 3.6%, up from 2.4% in July.
USD/MXN rises 0.40% to 18.2173 as Banxico cuts rates to 6.75%
In the past 24 hours, the Mexican peso has depreciated against the U.S. dollar following the Bank of Mexico's (Banxico) decision to reduce its benchmark interest rate by 25 basis points to 6.75%. This move narrows the interest rate differential between Mexico and the U.S., diminishing the peso's appeal for carry trades. Additionally, the strengthening U.S. dollar, bolstered by robust economic data and rising Treasury yields, continues to exert downward pressure on the peso.
USD/MXN rises as Mexican Peso weakens amid carry trade unwind
In the past 24 hours, the Mexican Peso has weakened against the U.S. Dollar, leading USD/MXN to rise. This shift is attributed to the unwinding of carry trades, as rising U.S. Treasury yields diminish the Peso's appeal. Additionally, the narrowing interest rate differential between Mexico and the U.S. has further pressured the Peso.
USD/MXN hits 18.35 as peso declines amid Fed's hawkish stance and geopolitical tensions.
Over the past 24 hours, the USD/MXN pair has surged to 18.35, marking a significant depreciation of the Mexican peso. This movement is primarily driven by the Federal Reserve's hawkish monetary policy and escalating geopolitical tensions, particularly in the Middle East.
USD/MXN remains above 18.00 as carry trade appeal diminishes.
The Mexican Peso continues to weaken against the US Dollar, with USD/MXN trading above the 18.00 mark. This trend is driven by a narrowing interest rate differential between Mexico and the US, reducing the attractiveness of Peso-denominated carry trades. Additionally, the Federal Reserve's recent rate hikes have bolstered the US Dollar, further pressuring the Peso.
USD/MXN breaches 17.00, nearing Societe Generale's year-end target of 18.00.
The Mexican Peso has weakened against the US Dollar, with USD/MXN surpassing the 17.00 mark and approaching Societe Generale's revised year-end target of 18.00. This decline is attributed to higher US yields impacting risk sentiment and diminishing the Peso's carry appeal.
USD/MXN rises 1.8% to 17.99 amid Fed's hawkish stance and stalled US-Iran talks.
In the past 24 hours, the Mexican Peso has depreciated against the US Dollar, with USD/MXN reaching 17.99, a 1.8% increase. This movement is attributed to the Federal Reserve's hawkish stance and stalled US-Iran negotiations, which have dampened market sentiment. Despite recent fluctuations, Banxico Governor Victoria Rodriguez stated that the Peso's weakness remains within existing inflation forecasts.
USD/MXN rises to 17.71 as Mexican peso declines 2.75%, its worst week since March.
Over the past week, the Mexican peso depreciated by 2.75%, marking its steepest decline since March. This downturn has driven the USD/MXN exchange rate up to 17.71. The primary factors include the Federal Reserve's recent interest rate hike and the narrowing interest rate differential between the U.S. and Mexico.
USD/MXN rises over 1% to 17.75 after Banxico's rate decision.
The Mexican peso weakened against the US dollar following the Bank of Mexico's (Banxico) decision to maintain the benchmark interest rate at 6.50%. Banxico emphasized its independent policy path, stating that monetary policy should not 'mechanically' respond to adjustments in the Federal Reserve's federal funds rate expectations. This stance led to a rise in USD/MXN, which reached 17.75, the highest level since April 2026. ([wap.stockstar.com](https://wap.stockstar.com/detail/IG2026092500003120?utm_source=openai))
USD/MXN breaks 200-day moving average, signaling potential uptrend.
In the past 24 hours, USD/MXN has breached its 200-day moving average, a key technical indicator, suggesting a possible shift toward a bullish trend. Analysts from Societe Generale highlight this development, noting that the pair has reclaimed the 200-day moving average for the first time since April 2025. They anticipate further gains if the pair maintains levels above 17.40/17.35, with potential resistance at the June peak near 17.68 and projections around 17.80.
USD/MXN hits two-month high at 17.50 amid Fed's hawkish stance and Banxico's pause.
The USD/MXN currency pair has risen to a two-month high of 17.50, driven by the Federal Reserve's hawkish rhetoric and expectations of further rate hikes. This trend is compounded by the Bank of Mexico's (Banxico) decision to maintain its policy rate at 6.50%, narrowing the interest rate differential between the U.S. and Mexico. Additionally, weaker-than-expected Mexican retail sales data has further pressured the peso.
USD/MXN rises to 17.30 amid weak Mexican retail sales and strong Fed support
In the past 24 hours, the USD/MXN currency pair has climbed to 17.30, its highest level in seven weeks. This movement is primarily driven by disappointing Mexican retail sales data and the U.S. Federal Reserve's continued support for the U.S. dollar.
USD/MXN remains stable near 17.10 as markets await Fed's policy decision.
Over the past 24 hours, the USD/MXN currency pair has maintained a steady position around 17.10 pesos per dollar. This stability reflects market caution ahead of the Federal Reserve's upcoming monetary policy announcement. Traders are closely monitoring the Fed's stance on interest rates, which will likely influence the peso's performance in the near term.
USD/MXN rises to 17.2333 as Fed's rate hike narrows Mexico's rate advantage
The Mexican peso weakened against the U.S. dollar following the Federal Reserve's first interest rate increase of 2026, which reduced Mexico's rate premium. This development led USD/MXN to rise to 17.2333, up from 17.1706 the previous session. The Federal Reserve's decision to hike rates has diminished the carry trade appeal of the peso, contributing to its depreciation.
USD/MXN stabilizes near 17.17 as Fed's hawkish stance impacts currency markets.
Over the past 24 hours, the USD/MXN currency pair has remained relatively stable, trading around the 17.17 mark. This stability follows the Federal Reserve's recent interest rate hike to 4% and its projection of another increase before the end of the year. Despite the Fed's hawkish stance, the Mexican Peso has shown resilience, supported by strong carry demand and subdued volatility.
USD/MXN rises to 17.24, a six-week high, after Fed's hawkish rate hike.
The USD/MXN currency pair surged to 17.24, its highest level in six weeks, following the Federal Reserve's decision to raise interest rates to 4% and signal potential further hikes before year-end. This move has bolstered the US Dollar, leading to a depreciation of the Mexican Peso.
USD/MXN rises to 17.15 as Fed rate hike expectations and oil prices increase.
Over the past 24 hours, the USD/MXN currency pair has experienced upward movement, reaching 17.15. This shift is attributed to heightened expectations of a Federal Reserve interest rate hike and rising oil prices. The Federal Open Market Committee (FOMC) is scheduled to meet on September 16, 2026, with markets anticipating a potential 25 basis point increase in the federal funds rate. Additionally, escalating geopolitical tensions in the Middle East have contributed to a surge in oil prices, further influencing the USD/MXN exchange rate.
USD/MXN rebounds to 17.01 after dipping to 16.94 amid US economic data.
In the past 24 hours, the USD/MXN currency pair experienced a sharp decline to 16.94, influenced by weaker-than-expected US economic data, particularly a softer ISM report. This downturn was short-lived, with the pair rebounding to 17.01 as investors reassessed the implications of the data. The Mexican Peso's strength remains supported by attractive carry trade opportunities and low volatility.
USD/MXN dips below 17.00 amid USD weakness and rising oil prices.
In the past 24 hours, the USD/MXN currency pair has declined below the 17.00 threshold, influenced by a weakening US Dollar and escalating oil prices. Despite the rise in oil prices, the Mexican Peso has appreciated, reflecting a complex interplay of market factors.
USD/MXN dips below 17.00 amid USD weakness and Fed rate hike speculation.
Over the past 24 hours, the USD/MXN pair has declined below the 17.00 threshold, influenced by a weakening US Dollar and market expectations of potential Federal Reserve rate hikes. Despite geopolitical tensions, such as the US-Iran conflict, the Mexican Peso has shown resilience, supported by favorable carry trade dynamics and a stable monetary policy stance from Mexico's central bank.
USD/MXN rises to 17.0348 as Fed's Warsh signals potential rate hikes.
In the past 24 hours, the USD/MXN exchange rate has increased to 17.0348, influenced by Federal Reserve Chair Kevin Warsh's hawkish remarks at the Jackson Hole Symposium. His comments on inflation and potential interest rate hikes have strengthened the US Dollar, leading to a depreciation of the Mexican Peso.
USD/MXN rises to 17.03 as Fed's Warsh signals inflation fight.
The USD/MXN exchange rate increased to 17.03 on August 29, 2026, following Federal Reserve Chair Kevin Warsh's hawkish remarks at the Jackson Hole Symposium. His emphasis on prioritizing inflation control led investors to anticipate potential rate hikes, strengthening the U.S. dollar against the Mexican peso.
USD/MXN rises to 17.04 after Fed Chair Warsh's hawkish Jackson Hole speech.
The Mexican peso depreciated against the U.S. dollar, with the USD/MXN pair reaching 17.04, following Federal Reserve Chair Kevin Warsh's hawkish remarks at the Jackson Hole Symposium. Warsh emphasized persistent inflation concerns, leading investors to anticipate potential interest rate hikes, thereby strengthening the U.S. dollar.
USD/MXN approaches 17.00 amid U.S. economic data and Jackson Hole symposium
Over the past 24 hours, the USD/MXN exchange rate has hovered near the 17.00 threshold, influenced by strong U.S. economic indicators and investor caution ahead of the Jackson Hole symposium. The peso's performance remains sensitive to U.S. economic data and global risk sentiment.
USD/MXN rises to 16.95 as U.S. Core PCE inflation fuels Fed rate hike expectations
The USD/MXN exchange rate increased to 16.95 on August 26, 2026, following the release of the U.S. Core Personal Consumption Expenditures (PCE) index, which showed a year-over-year increase of 3.3%, matching June's reading. This persistent inflation has led traders to anticipate potential Federal Reserve interest rate hikes toward the end of the year. Despite this, the Federal Reserve's preferred inflation measure, the Core PCE, remained steady at 3.3%, suggesting that the central bank may maintain its current policy stance.
USD/MXN holds steady below 16.95 as traders await US data and Iran developments.
The USD/MXN exchange rate remained relatively unchanged, trading below the 16.95 level. Market participants are closely monitoring upcoming U.S. economic data releases and recent shifts in U.S.-Iran relations, which may influence future currency movements.
USD/MXN rises to 16.95 as US-Iran sanctions offset Mexico's inflation data.
In the past 24 hours, the USD/MXN exchange rate has increased to 16.95, influenced by U.S. sanctions on Iran, which have led to a stronger U.S. dollar. This development has overshadowed Mexico's recent inflation data, which showed a slight acceleration in the first half of August. Additionally, the Mexican peso has been under pressure due to tensions in North America and a stronger U.S. dollar.
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