Overview
- The peso closed at 17.8438 per dollar, its strongest level since July, improving 0.42% from the prior Banxico close of 17.9188.
- U.S. December CPI rose 0.3% month over month while core inflation registered 0.2% versus 0.3% expected, underpinning a Fed-on-hold outlook for January.
- Janus Henderson said Treasury yields initially rose on the data before retreating, and it now sees a January rate cut as effectively off the table.
- The U.S. Dollar Index hovered near 99 with limited movement, reflecting a lack of clear direction for the greenback during the session.
- Analysts cited improved risk sentiment and technical levels near 17.80–17.96, with intraday trading spanning 17.8130 to 17.9325 per dollar.