Mexican Peso Closes Higher After Three-Day Losing Streak Against the Dollar
During the session, the dollar traded in a range between a high of 18.8484 pesos and a low of 18.6833 pesos.

Quick overview
- The Mexican peso appreciated against the U.S. dollar, ending a three-session losing streak with a closing rate of 18.7274 pesos per dollar.
- The appreciation was driven by a technical correction and positive sentiment following unchanged U.S. producer price data for June.
- The U.S. Producer Price Index remained flat, beating expectations, while the Federal Reserve's interest rate decisions remain uncertain amid fluctuating inflation data.
- Market volatility was noted due to rumors about potential changes in Federal Reserve leadership, which were later denied.
The Mexican peso appreciated against the U.S. dollar in midweek trading, snapping a three-session losing streak, as markets digested unchanged U.S. producer price data for June.
The exchange rate closed the day at 18.7274 pesos per dollar. Compared to Tuesday’s official close of 18.8188 pesos, the local currency gained 9.14 centavos, equivalent to a 0.49% appreciation, according to data from Mexico’s central bank (Banxico).
During the session, the dollar traded in a range between a high of 18.8484 pesos and a low of 18.6833 pesos. The U.S. Dollar Index (DXY), which measures the greenback against a basket of six major currencies, dropped 0.35% to 98.29 points.
The peso’s rebound was supported by a modest technical correction following the previous day’s weakness, as well as positive external momentum after investors assessed a softer-than-expected U.S. producer inflation report.
The U.S. Producer Price Index (PPI) remained flat in June compared to the previous month, beating analyst expectations of a 0.2% increase. This followed a 0.3% rise in May.
While the Federal Reserve has signaled openness to cutting interest rates this year, the recent uptick in consumer inflation—published a day earlier—has kept expectations steady for now, with markets betting against a move before September.
Market Outlook
The session was also marked by volatility after reports surfaced suggesting President Donald Trump was considering removing Federal Reserve Chair Jerome Powell—a rumor later denied by the administration.
Investors should expect the peso’s recovery to continue. From a technical perspective, the currency has consolidated below the psychologically important 19-per-dollar level.
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