Mexican Peso On Fire: Extends Winning Streak

Meanwhile, the DXY Dollar Index, which tracks the greenback against a basket of six major currencies, rose marginally 0.06% to 97.84 points.

Written by: Ignacio Teson • Thursday, September 11, 2025 • 1 min read

• Last updated: Thursday, September 11, 2025

Quick overview

The Mexican peso rose for the fourth consecutive day against the U.S. dollar, closing at 18.5908 pesos per dollar.
This increase followed stronger-than-expected U.S. producer price data, which raised expectations for a Federal Reserve interest rate cut.
Mexican equities closed slightly lower despite a strong start, with the S&P/BMV IPC ending down 0.31%.
Stock performance was mixed, with notable gainers including Peñoles and Volaris, while Qualitas and Grupo Carso saw declines.

The Mexican peso edged higher against the U.S. dollar on Wednesday, marking its fourth consecutive day of gains, following stronger-than-expected U.S. producer price data for August, which fueled expectations of an interest rate cut by the Federal Reserve next week.

According to official data from Banco de México (Banxico), the exchange rate closed at 18.5908 pesos per dollar, up 3.89 cents or 0.21% from the previous session.

Meanwhile, the DXY Dollar Index, which tracks the greenback against a basket of six major currencies, rose marginally 0.06% to 97.84 points.

USD/MXN

U.S. Producer Prices:

Data from the United States showed that producer prices fell 0.1% month-on-month in August, ending a three-month streak of increases, while the year-over-year rate rose 2.6%, below market expectations.

Analysts expect the peso to trade within a range of 18.54–18.63 in overnight sessions as markets await Mexico’s industrial production data and U.S. consumer inflation figures on Thursday.

Mexican Stocks Close Lower Despite Strong Start

Mexican equities closed slightly lower on Wednesday despite a positive start fueled by U.S. producer price data. The S&P/BMV IPC ended the session at 60,489.19 points, down 0.31%, just short of the 61,000-level early in the day.

Stock performance was mixed:

Gainers: Peñoles +5.14% to 778.66 pesos, Volaris +3.24%, Megacable +2.43%
Losers: Qualitas -3.95%, Grupo Carso -3.17%, Cemex -2.86%

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ABOUT THE AUTHOR See More

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.