Overview
- The peso closed at 17.6499 per dollar, up 0.92% on the day for a fifth straight gain and its best level since July 16, 2024, according to Banxico.
- Analysts cite demand tied to expected T-MEC review talks, attractive rate differentials, and reassurance on electoral autonomy as supports for Mexican assets.
- The US Dollar Index hovered near 99 as softer jobless claims and comments from Fed officials reinforced expectations for policy rates to stay on hold.
- In Argentina, the official Banco Nación rate was about ARS 1,470 for sale, with the blue near ARS 1,505, the MEP around ARS 1,472 and the CCL near ARS 1,516.
- The BCRA has resumed net FX purchases totaling more than USD 520 million year to date, including a USD 187 million buy midweek, lifting gross reserves to roughly USD 44.7 billion and drawing praise from the IMF’s spokesperson.