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yesterday

Mexican Peso Extends Rally After Surprise U.S. PPI Drop

A surprise decline in producer prices strengthened expectations for near‑term Fed rate cuts.

Precio del dólar hoy 10 de septiembre. Tipo de cambio en bancos.
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Overview

  • The peso traded at 18.5963 per dollar, up 0.19% from Tuesday’s 18.6310 reference, marking a fourth straight advance and a 0.67% four‑session gain.
  • Mexico’s official FIX stands at 18.6353, with Banxico’s 48‑hour interbank opening at 18.6155/18.652 as retail quotes show wide dispersion across banks.
  • Latest bank quotes included BBVA at 17.72 buy/18.85 sell, Citibanamex at 17.97/19.08, Banco Azteca at 17.65/19.04, Banorte at 17.45/18.95, Afirme at 17.80/19.20, and Scotiabank at 17.60/19.30.
  • Monex noted the peso reversed early-session weakness as the Dollar Index edged lower by 0.01% ahead of U.S. inflation releases.
  • By September 10 the peso showed a 0.49% weekly gain and a 0.06% monthly dip, with equities near highs and investors cautious about Middle East risks before Thursday’s U.S. inflation report.