Mexican Peso Eases to 18.25 With Focus on Fed Decision and Banxico Path

Overview

• The peso slipped to about 18.25 per dollar after recent year‑to‑date highs, with the Dollar Index up roughly 0.1% near 99.09 ahead of a busy central‑bank week.
• CME FedWatch implied near 90% odds of a 25‑basis‑point U.S. rate cut at this week’s meeting, keeping policy guidance under close scrutiny.
• Markets anticipate Banxico will cut rates for a twelfth consecutive time next week, though a hotter inflation reading could slow the pace of easing.
• Mexico reported a record 22,837,768 formal jobs in November, a monthly increase of 48,595 positions according to government figures.
• Local assets firmed at the margin as the S&P/BMV IPC rose about 0.23% while 10‑ and 20‑year government yields climbed to 8.83% and 9.38%.