Overview

• July US consumer prices rose 0.2% month-on-month and 2.7% year-on-year, below forecasts and triggering a drop in the ICE Dollar Index.
• CME FedWatch futures raised the odds of a 25-basis-point rate cut in September to nearly 100%, supporting peso gains.
• Banco de México’s interbank/FIX rate fell from 18.6683 on Aug. 12 to 18.5657 on Aug. 13, while retail bank and exchange-house quotes remained notably wider.
• Intraday swings on Aug. 13 saw the peso dip to about 18.51 before retracing to close near 18.64 per dollar, underlining ongoing volatility.
• Investors are now focused on upcoming US producer price and jobless‐claims data ahead of policy insights at the Jackson Hole symposium.