The Mexican peso weakened at the start of the week, trading between 18.78 and 18.85 per dollar on Monday, its lowest level in almost a month. The move represents a depreciation of roughly 0.3% to 0.6% compared with Friday’s close, making the peso one of the session’s worst-performing major currencies. Banco de México set the official FIX at 18.7840 pesos per dollar. In equity markets, the S&P/BMV IPC slipped 0.3% to about 58,170 points, retreating from Friday’s modest gain. Other Latin-American currencies showed mixed results, with the Argentine peso posting the sharpest decline in the region. The sell-off in the peso tracked a broader rally in the greenback; the Bloomberg Dollar Spot Index added 0.2% while the dollar climbed 0.5% to ¥147.93 against the yen. Investors are positioning ahead of the Federal Reserve’s economic symposium in Jackson Hole later this week, where Chair Jerome Powell is expected to outline the central bank’s rate-cut outlook. Geopolitical developments added to demand for safe-haven dollars. President Donald Trump hosted Ukrainian President Volodymyr Zelenskiy in Washington after holding talks with Russian President Vladimir Putin, stoking uncertainty over prospects for a peace deal in Ukraine. Traders said the combination of Fed policy expectations and diplomatic risks is likely to keep the peso under pressure until clearer signals emerge from Jackson Hole.
Las monedas en Latinoamérica iniciaron la semana con resultados mixtos. La caída más importante la presentó el peso argentino. https://t.co/pGibtyCyGK https://t.co/h03TzDgjRv
💸💰 El peso mexicano se debilitó frente al dólar, en una jornada marcada por los ajustes en las expectativas del recorte de tasas de interés en EU, del avance diplomático, más no un acuerdo definitivo para la paz en Ucrania https://t.co/xXJEdjnRQs
📉 El peso mexicano retrocedió el lunes ante un avance global del dólar. https://t.co/Q9UFpVbGng