Mexican Stock Exchange Gains 0.23% with New Dollar Hedge as Peso Falls to 19.28 Amid Fed Minutes Anticipation

The Mexican financial markets showed mixed movements during the week ending May 28, 2025. The Bolsa Mexicana de Valores (BMV) recorded modest gains, rising 0.08% on Monday and 0.23% on Tuesday, with the latter session marking a new intraday historical high. Meanwhile, the Mexican peso experienced fluctuations, initially strengthening to its highest levels in nearly eight months but then depreciating marginally by 0.04% on Wednesday to around 19.28 pesos per dollar. This depreciation marked the peso's third consecutive day of losses, attributed to a strengthening U.S. dollar and anticipation of the Federal Reserve's upcoming monetary policy minutes. Market participants were awaiting insights from the Fed and Banco de México, which was scheduled to release its quarterly report with updates on inflation and economic outlook. Additionally, the BMV introduced a new dollar hedging instrument priced at a fraction of the traditional cost, aiming to provide more efficient currency risk management options.