Overview
- The peso closed Tuesday at 17.8438 per dollar, its strongest finish since July 2024, and traded around 17.81 on Wednesday after touching 17.80 intraday.
- December U.S. CPI rose 0.3% month over month with core at 0.2%, reinforcing expectations the Fed keeps rates unchanged in the near term.
- On Wednesday, U.S. PPI increased 0.2% as forecast and retail sales beat expectations at 0.6%, while the DXY eased around the 99 level.
- Analysts highlight a stable Mexico–U.S. rate gap near 3.25–3.50 percentage points that continues to attract carry flows into peso assets.
- Mexico’s S&P/BMV IPC slipped about 0.68% on profit-taking in consumer and airport shares, as markets monitored upcoming Fed remarks and the Beige Book, with some commentary also citing political uncertainty around the Fed as a drag on the dollar.