Overview
- The peso fell under MXN 17 on Friday and was trading around MXN 16.90–16.95 as it notched a fifth consecutive week of gains.
- Market participants say weaker U.S. data and Fed minutes reduced bets on higher U.S. rates, while an expanded Treasury long-term bond buyback eased 10-year yields and lowered demand for dollars.
- Analysts warn that technical support levels near 16.85 and a deeper zone around 16.5590 could accelerate the peso's move if breached, attracting momentum and carry-trade flows.
- In Argentina, the mayorista closed near ARS 1,499 while the informal blue rate stayed about ARS 1,550, and the BCRA used futures interventions, higher short-term rates and export dollar inflows to defend the official band and build reserves.
- Peru’s sol firmed to roughly S/3.345 and regional traders are watching renewed Middle East tensions and rising oil prices as upside risks that could lift global inflation and reverse recent currency gains.