The Mexican peso is trading with gains

The local currency is gaining ground in a market preparing to receive key figures this week, with little activity due to the holiday break in U.S. trading.

The Mexican peso is appreciating against the dollar on Monday morning. The local currency is gaining ground at the start of the week, driven by a weakening of the greenback, while U.S. markets are closed for Memorial Day.

BrokerReviewRegulatorsMin DepositWebsite
🥇Read ReviewASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSAUSD 100Visit Broker >>
🥈Read ReviewFMA, FSAUSD 50Visit Broker >>
🥉Read ReviewFSCA, CySEC, DFSA, FSA, CMAUSD 0Visit Broker >>
4Read ReviewASIC, BaFin, CMA, CySEC, DFSA, FCA, SCBUSD 200Visit Broker >>
5Read ReviewFCA, CySEC, FSCA, SCBUSD 100Visit Broker >>
6Read ReviewFCA, FINMA, FSA, ASICUSD 0Visit Broker >>
7Read ReviewCySEC, FCA, FSA, FSCA, Labuan FSAUSD 100Visit Broker >>
8Read ReviewCBCS, CySEC, FCA, FSA, FSC, FSCA, CMAUSD 10Visit Broker >>
9Read ReviewASIC, CySEC, FSCA, CMAUSD 100Visit Broker >>
10Read ReviewIFSC, FSCA, ASIC, CySECUSD 1Visit Broker >>

The spot exchange rate is at 16.6748 pesos per dollar, compared to Friday’s close of 16.6942 pesos, according to data from the Bank of Mexico (Banxico). This movement gives the peso a gain of 1.94 cents, or 0.12 percent.


The dollar is trading in a range between a high of 16.7099 pesos and a low of 16.6590 pesos. The Dollar Index (DXY) from the Intercontinental Exchange, which measures the greenback against six other currencies, slipped 0.03% to 104.69 units.

With little activity due to the U.S. financial markets being closed, investors are gearing up to receive several economic figures this week, including the Federal Reserve’s preferred inflation indicator. U.S. markets are closed on Monday for Memorial Day, and the economic agenda is light for today. However, the Fed’s favorite inflation measure will be released at the end of the week.

Investors’ attention will be focused in the coming days on the Bank of Mexico’s quarterly report and the presidential candidates’ campaign closures ahead of Sunday’s elections.

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Ignacio Teson
Ignacio Teson
Economist and Financial Analyst
Ignacio Teson is an Economist and Financial Analyst. He has more than 7 years of experience in emerging markets. He worked as an analyst and market operator at brokerage firms in Argentina and Spain.
Related Articles