Overview
- The peso trades around 18.17–18.20 per dollar at its strongest level of 2025, with the dollar index softer as investors position for policy easing.
- CME FedWatch places the probability of a 25 bp Fed cut on Dec. 9–10 near 87%, a shift that has boosted demand for risk-sensitive currencies.
- U.S. PCE inflation was reported in line at 0.3% month over month, and recent corporate layoff announcements—71,231 in November and 1.17 million year to date—have not derailed rate-cut expectations.
- Analysts note the peso’s gains also coincide with President Claudia Sheinbaum’s U.S. visit and a planned meeting with President Donald Trump that markets will watch for trade-related signals.
- Regional markers show Argentina’s official dollar near ARS 1,470, blue around ARS 1,430–1,445, MEP near ARS 1,470 and CCL near ARS 1,510 with country risk near 634, while Peru’s interbank market opened at S/3.37.