Overview

• The peso closed Friday at 18.5424 per dollar, a 0.85% drop that capped a second straight weekly loss and marked its weakest level since September 9.
• Despite the pullback, the currency is still up roughly 11–12% in 2025, and an additional gain of about 1% would place the year among its strongest if it ends at 18.30 or below.
• Analysts cite renewed US–China tariff tensions and a US government shutdown for a stronger dollar and softer appetite for emerging‑market FX, with the Dollar Index up 1.25% to 98.94.
• Near‑term trading is expected to remain volatile in a projected 18.48–18.61 range, while market consensus points to a year‑end level near 19.08 as Fed and Banxico policy steers rate differentials.
• Sunday’s national average stood at 18.4316 with banks posting varied retail quotes, reflecting limited weekend activity.