Overview
- The peso closed at 17.6499 per dollar, up 0.92% on the day, marking its best level since July 16, 2024, according to Banco de México.
- It notched a fifth straight advance and is up roughly 2% year to date in the first ten sessions of 2026.
- Traders credited local signals around the start of USMCA review negotiations and Mexico’s high carry for sustained inflows.
- Analysts noted shifting dollar dynamics as the DXY rose after a drop in U.S. initial jobless claims reinforced expectations for the Fed to keep rates unchanged.
- Market data showed the peso among early January’s top performers in major currency baskets, with intraday trading between 17.6200 and 17.7860.