Mexican Peso Closes at 18.75, Third-Best Performer Amid Positive Data and Jackson Hole Powell Speech Anticipation

The Mexican peso has experienced fluctuations against the U.S. dollar over the week of August 18-22, 2025. It opened at around 18.83 pesos per dollar on August 18, depreciating slightly after a prior gain, and was noted as the second-worst performing currency against the dollar among 16 major currencies tracked by Bloomberg on August 19, when it traded around 18.85 to 18.86 pesos per dollar. The peso continued to weaken, reaching approximately 18.85 units per dollar by midday on August 19, with a depreciation of 0.14% to 0.40% reported. On August 20, the peso reversed course, appreciating by 0.33% to close at 18.75 pesos per dollar, supported by data from Banxico (Bank of Mexico). This appreciation continued into August 21, ahead of the release of the Banxico minutes and the Jackson Hole economic symposium, although the peso showed some volatility during the day, fluctuating between 18.73 and 18.78 pesos per dollar. On August 22, the peso was recognized as the third-best performing currency among the 16 Bloomberg-tracked currencies, advancing against the dollar following positive economic data from Mexico. The Mexican stock market (BMV) also rose in response, while market participants awaited the speech of Federal Reserve Chair Jerome Powell at Jackson Hole. The euro was noted as having potential to record its best year of the decade amid these market dynamics.