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Mexican Peso Slips as Dollar Opens Near 18.55, DOF Fix at 18.5380

Dollar strength tied to Fed expectations is pressuring the peso after Mexico's Q3 contraction.

Overview

  • Interbank trading started around 18.55 MXN per USD, a roughly 0.16–0.17% depreciation from the prior close, according to Bloomberg data.
  • The Diario Oficial de la Federación posted the Banxico FIX at 18.5380, the reference used for official operations and tax calculations.
  • Retail bank counters quoted dollar sales near 18.81–19.10 pesos and purchases between 16.95 and 17.95 across institutions including Afirme, Banco Azteca, Banorte, BBVA and Banamex.
  • Monex reported a short-term upward trend for the greenback, with the peso down about 0.60% for the week and 1.06% for the month.
  • Market commentary links the move to a firmer U.S. dollar tied to Fed policy expectations and Mexico’s confirmed Q3 economic contraction, with the Dollar Index up about 0.13%.