Business · Markets · 2 days ago
Mexican peso falls 9% over five weeks against the US dollar
The Mexican peso weakened against the US dollar for a fifth consecutive week, losing about 9% over that period.
On Friday, it ended at 18.4111 pesos per dollar, down 1.15% from the previous day.
The decline followed minutes from Mexico’s central bank, which said three of its five board members saw room for more rate cuts if the inflation outlook improves.
Mexico’s interest rates have helped support the peso, but that advantage has narrowed after a US rate increase.
The currency’s drop matters because changes in interest rates can affect demand for the peso and the cost of dollars in Mexico.
One market analyst warned that exchange-rate swings could push the dollar above 19 pesos, while traders are watching 18.50 as a resistance level.
Further moves will depend in part on how expectations for interest rates in Mexico and the United States change.
The Mexican peso fell 9% against the US dollar over five consecutive weeks of losses.
It closed Friday at 18.4111 pesos per dollar, down 1.15% on the day.
The currency has weakened as markets reassess expectations for monetary policy in Mexico and the United States.
Minutes from the Bank of Mexico’s September meeting showed that three of its five board members saw scope for further rate cuts if inflation prospects improve.
- Who
- The Mexican peso and the US dollar.
- What
- The peso fell 9% against the dollar over five consecutive weeks of losses.
- When
- The five-week period ended Friday, October 9, 2026.
- Where
- In currency trading; the article does not specify a trading location.
- Why
- Markets are adjusting their expectations for monetary policy. The article also cites a reduced carry-trade appeal for the peso after a US Federal Reserve rate increase.
This story does not have two clearly opposing sides.
We are at a difficult point to read.
In the short term, 18 per dollar is the first level to watch now that the pair has exceeded it, and 18.50 will be resistance.
The peso was at 16.8912 per dollar, the starting point cited for its five-week decline.
Minutes from the Bank of Mexico’s September meeting confirmed that three of five board members saw possible further rate cuts if inflation prospects improved.
The peso lost 1.15% and closed at 18.4111 per dollar.
- Five-week decline
- 9%
- Friday close
- 18.4111 pesos per dollar
- Friday daily loss
- 1.15%
- Dollar range on Friday
- 18.1427 to 18.4986 pesos
- Bank of Mexico board members cited
- Three of five saw possible further rate cuts if inflation prospects improved
Sources
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