Overview
- The peso advanced roughly 0.3%–0.5% on Monday, closing near 18.4847 per dollar on the spot market after four straight declines.
- Banco Base and Monex linked the move to a broader adjustment in emerging‑market currencies and a dollar correction, while warning that fresh local data could revive depreciation pressures.
- Analysts also flagged external risks from U.S. trade posture and ongoing T‑MEC consultations that could weigh on sentiment toward Mexico.
- A Reuters survey pointed to a likely 25‑basis‑point cut at Banxico’s Thursday meeting, to about 7.25%, a scenario investors have been preparing for.
- Stronger peso effects are surfacing in 3Q25 filings, with firms reporting translation hits such as Grupo Carso’s 790 million‑peso FX loss, while Mexico’s IPC index fell about 1.04% on the day and remittances have dropped for six consecutive months, down 5.5% year‑to‑date to $45.68 billion.