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21h ago

Dollar Climbs to Three-Month High as Mexican Peso Extends Slide

Reduced odds of a December Fed cut have underpinned the dollar's advance.

Conoce el precio del Dólar en México hoy, 3 de noviembre de 2025. Te mostramos el valor del USD en MXN en los principales bancos y el tipo de cambio actual. | Crédito: Imagen creada por El Comercio MAG usando la IA de Gemini
Foto Ilustrativa: Pixabay

Overview

  • The greenback strengthened to a three-month peak versus major currencies, with Bloomberg quoting 18.55 MXN per USD on Saturday, up 0.12%.
  • The peso logged a fourth straight daily loss and closed Friday at 18.5796 per dollar, posting weekly and October declines alongside signs of domestic weakness including a −0.30% quarterly GDP.
  • Market pricing tracked by CME FedWatch shifted the probability of a December rate cut from above 90% to roughly 75% after Jerome Powell’s remarks, reinforcing demand for dollars.
  • The retail ‘ventanilla’ average stood at 18.55 MXN per USD with the DOF reference near 18.53, while bank quotes ranged roughly from 16.95–17.84 to buy and 18.90–19.10 to sell.
  • International factors cited in the rally include mixed big‑tech earnings and a temporary U.S.–China tariff agreement that supported dollar momentum.