Overview
- The peso closed at 17.96 per dollar on Jan. 7, up 0.12% on the day after mixed U.S. indicators.
- Tijuana’s commerce chamber treasurer said a sustained break above 18 is unlikely in the near term, citing lower post‑holiday dollar demand and steady cross‑border flows.
- Citi’s first 2026 survey of more than 30 institutions shows a median year‑end forecast of 19.00, with a wide 17.10 to 20.30 range.
- Citi’s chief economist projects 19.37 per dollar at end‑2026 and 20.99 in 2027, reflecting pressure from a narrowing Banxico–Fed rate differential.
- Analysts highlight upcoming U.S. jobs and inflation reports as key triggers, with one expecting a 17.90–18.05 trading band absent surprises, while survey consensus sees 4.0% inflation in 2026 versus Banxico’s 3.0% goal.