Overview

• The Mexican peso closed at 18.5935 per dollar, a 0.92% gain from 18.7668 a day earlier, after trading between 18.5711 and 18.7772.
• The U.S. Dollar Index fell about 0.93% to 97.74, marking a broad weakening of the greenback.
• CME FedWatch put the probability of a 25-basis-point U.S. rate cut in September at 89.3% following Jerome Powell’s remarks.
• Mexico’s first-half August inflation printed at 0.02% and Q2 GDP grew 0.6% quarter-on-quarter, figures cited as part of the peso’s drivers.
• In Argentina, the official sell rate averaged ARS 1,337.23 with MEP at ARS 1,328.37, CCL at ARS 1,332.10 and the blue at ARS 1,345, while gross reserves rose by US$19 million to US$41.499 billion.