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1h ago

U.S. PPI Surprise Lifts Mexico’s Markets as Argentina’s Dollar Rates Diverge

A sharper‑than‑expected drop in producer inflation reinforced bets on imminent Fed rate cuts, supporting a stronger peso and record Mexican equities while Argentina’s official, blue and crypto dollars pointed in different directions.

El dólar oficial sube levemente este miércoles.
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Precio del dólar hoy 10 de septiembre. Tipo de cambio en bancos.
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Overview

  • U.S. producer prices fell 0.1% in August versus a 0.3% rise expected, with annual PPI at 2.6%, marking the first monthly decline since April.
  • Futures pricing held to expectations that the Federal Reserve will begin cutting interest rates next week and continue easing through year‑end, according to market reports.
  • The Mexican peso appreciated for a fourth straight session to about 18.59 per dollar, and traders also monitored a draft decree that would impose tariffs of up to 50% on selected strategic imports.
  • Mexico’s S&P/BMV IPC rose 0.51% to a new record near 60,987, extending its winning streak to five sessions.
  • Argentina’s fragmented FX market showed Banco Nación’s dollar near ARS 1,435 for sale, the blue rate around ARS 1,385, wholesale/MEP/CCL near ARS 1,423–1,431, and stablecoins such as USDT trading roughly ARS 1,421–1,427 on major platforms.