Overview
- Banco de México reported a close at 17.8136 per dollar, the strongest level in roughly 18 months after a third straight gain totaling about 0.94%.
- The U.S. Dollar Index hovered near 99.07 after slipping about 0.12% as markets digested retail sales up 0.6% in November and producer prices up 0.2%.
- Concern over the Federal Reserve’s autonomy under pressure from the Trump administration weighed on the greenback and supported the peso.
- The exchange rate briefly traded below the 17.80 support, and a sustained break could target around 17.50, according to México financiero’s Juan Carlos Cruz.
- Analysts highlight upcoming Mexican inflation and U.S. employment data as potential drivers of near-term volatility.