Mexican Peso Edges Lower Against the Dollar in a Low-Activity Session
The exchange rate closed at 17.1588 pesos per dollar. Compared with Friday’s close of 17.1443, based on official data from Banco de México.
Quick overview
- The Mexican peso weakened slightly against the dollar amid reduced trading activity due to the U.S. Presidents' Day holiday.
- The exchange rate closed at 17.1588 pesos per dollar, reflecting a loss of 0.09% from the previous close.
- Traders are awaiting key economic releases, including minutes from the Federal Reserve and Banxico, for guidance on monetary policy.
- Overall trading volume was low, influenced by multiple global holidays affecting market liquidity.
In a session marked by reduced trading activity due to the U.S. market holiday, the Mexican peso slipped slightly as investors awaited key economic information.
The Mexican peso weakened modestly against the dollar in Monday’s trading. With United States markets closed for the Presidents’ Day holiday, liquidity was thin, and the local currency eased as investors positioned ahead of upcoming economic releases.
The exchange rate closed at 17.1588 pesos per dollar. Compared with Friday’s close of 17.1443, based on official data from Banco de México (Banxico), the move represented a loss of 1.45 centavos, or 0.09%.
The dollar traded within a range of 17.1818 at the session high and 17.1445 at the low. The U.S. Dollar Index (DXY), published by the Intercontinental Exchange, rose 0.15% to 97.07, reflecting broader dollar strength against a basket of six major currencies.
The peso was pressured by the firmer dollar in a context of a light economic calendar in both Mexico and the United States. Key technical levels are seen at 17.08 as support and 17.30 as resistance.
U.S. markets remained closed on Monday due to Presidents’ Day, further reducing global liquidity. Meanwhile, traders are preparing for the release of the minutes from the Federal Reserve and Banxico later in the week.
Both central banks paused interest rate cuts at their most recent meetings—the Fed after three moves, and Banxico after a prolonged easing cycle. Global and local market participants will be looking for clearer guidance on inflation expectations and the future path of monetary policy.
Overall, the exchange rate begins the week with no major changes and low trading volume, hovering around an average of 17.16, amid multiple global holidays, including Presidents’ Day in the U.S., Lunar New Year in China, and Carnival in Brazil.
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