Overview

• The peso appreciated 0.19% to roughly 18.35–18.36 per dollar after three sessions of losses, according to Banco de México data.
• The S&P/BMV IPC rose 1.31% to 62,004.11 points, nearing its recent record as global tech optimism strengthened risk appetite.
• Sentiment was buoyed by the announcement that Nvidia will invest $100 billion in OpenAI to advance AI computing.
• Market consensus points to a 25 basis point cut from Banxico this week, while Fed officials emphasized that lowering inflation remains the priority.
• Speculative long positions in peso futures on the CME increased to about 78,000 contracts, a 5.83% weekly rise that can amplify short-term FX moves.