Mexican Peso Dips Slightly as Trading Stays Quiet
The U.S. Dollar Index (DXY), which measures the dollar against a basket of six currencies, slipped 0.03% to 99.56 points.
Quick overview
- The Mexican peso remained stable against the U.S. dollar, closing at 18.3492 per dollar amid reduced trading activity due to the Thanksgiving holiday.
- The peso experienced a marginal depreciation of 0.03%, with trading fluctuations between 18.3625 and 18.3308 pesos.
- Mexico reported a $1.411 billion trade surplus last month, indicating resilience in exports despite external challenges.
- The Bank of Mexico revised its 2025 GDP growth forecast downward to 0.3% and adjusted its year-end inflation projection to 3.5%.
The exchange rate held steady due to the Thanksgiving holiday in U.S. financial markets, which dampened trading activity across global exchanges.
The Mexican peso ended Thursday’s session virtually unchanged against the U.S. dollar. The exchange rate remained stable as the Thanksgiving holiday in the United States reduced activity in global financial markets.
The peso closed at 18.3492 per dollar, compared with 18.3435 in the previous session, according to official data from the Bank of Mexico (Banxico). This amounted to a marginal depreciation of 0.03%, less than a cent.
During the session, the dollar traded between a high of 18.3625 and a low of 18.3308 pesos. The U.S. Dollar Index (DXY), which measures the dollar against a basket of six currencies, slipped 0.03% to 99.56 points.
Mexican Market Data
On the domestic data front, INEGI reported that Mexico posted a $1.411 billion seasonally adjusted trade surplus last month, driven by a slight uptick in exports—mainly in non-automotive manufacturing.
These figures highlight the modest resilience of Mexican exporters amid a challenging external trade environment, complicated further by continued uncertainty surrounding Donald Trump’s ongoing policy announcements.
In its quarterly report released yesterday, the Bank of Mexico revised its 2025 GDP growth forecast downward to 0.3% from 0.6% previously, and trimmed its year-end inflation projection to 3.5% from 3.7%.
Technically, the peso faces a trading band between 18.28 and 18.68 per dollar. Year-to-date, the Mexican currency now holds an 11.9% gain against the dollar.
- Check out our free forex signals
- Follow the top economic events on FX Leaders economic calendar
- Trade better, discover more Forex Trading Strategies
- Open a FREE Trading Account
Save