The Mexican peso has shown consistent appreciation against the US dollar during the week of May 7-8, 2025, trading at 19.60 pesos per dollar in interbank operations and 20.12 pesos per dollar at Citibanamex windows as of May 8. The Bolsa Mexicana de Valores (BMV) experienced mixed performance, rising 2.71% on May 7 despite global market losses, but declining 1.88% on May 8. The price of Mexican crude oil increased to $55.33 per barrel on May 8, while West Texas Intermediate (WTI) and Brent crude prices fell. Bitcoin gained 1.76% to reach $96,351.10 per unit on May 8. Gold prices rose by 3.41% to $3,435.72 per ounce. The euro was quoted at 22.16 pesos on May 7. The 88th Convención Bancaria took place on May 8-9 in Nuevo Nayarit, with President Claudia Sheinbaum inaugurating the event. She outlined a five-point economic strategy and announced the upcoming tender of the first 16 Polos de Bienestar, which are state, municipal, or federal properties intended for development. The event included the signing of an agreement between the Asociación de Bancos de México and the Secretaría de Finanzas of Mexico City to promote sustainable finance, including the issuance of green bonds valued up to 3.5 billion pesos. Victoria Rodríguez Ceja, governor of Banco de México (Banxico), emphasized the peso's status as the third most traded currency among emerging markets and highlighted the importance of maintaining the Interbank Electronic Payment System. She refrained from commenting on imminent monetary policy decisions. Edgar Amador, head of the Secretaría de Hacienda y Crédito Público (SHCP), noted that Mexico has contained inflationary pressures, with inflation returning to Banxico's target range in the first quarter of 2025. He also mentioned efforts to expand financing for small and medium-sized enterprises (SMEs) in collaboration with the banking association. Julio Carranza Bolívar, president of the Asociación de Bancos de México, described Mexico's banking system as healthy, competitive, and well-capitalized. The banking sector called for maintaining stability and the rule of law amid a crucial historical moment. President Sheinbaum's positive relationship with former US President Donald Trump was noted as facilitating institutional coordination and commercial collaboration.