HomeBusiness
Business

Peso hits its strongest point so far this year

MND Staff
By MND Staff
0
bills of Mexican currency
Both the Mexican peso and the U.S. dollar have shown gains in the last two days. (Shutterstock)

The Mexican peso made new gains against the dollar on Thursday after recovering from a brief pause in its seven-day winning streak. 

The Mexican currency closed at 18.66 pesos per U.S. dollar Thursday, its strongest level since August 15, 2024. The per-dollar rate broke the 19 barrier in June. 

The peso continued to gain on Friday, coming in at 18.63 to the dollar shortly after 1 p.m. Mexican Central Standard Time.

The peso’s rise comes at a time when markets appear to have temporarily set aside concerns over the geopolitical situation in the Middle East. Meanwhile, concerns about tariff negotiations between Mexico and the U.S. are resurfacing, El Economista reported.

Even as the peso rose against it, the dollar strengthened after the release of better-than-expected U.S. employment data, with job creation figures surpassing the consensus. The U.S. dollar index, which measures the greenback’s performance against six international currencies, rose 0.35% to 96.77.

Despite persisting trade and fiscal uncertainties in the U.S., the upbeat jobs report helped lift the dollar off recent lows. 

Far from confirming the slowdown that analysts had forecast, U.S. job creation rose to 147,000 — significantly higher than the forecast of 110,000. This rise contributed to an unexpected decline in the unemployment rate, dropping from 4.2% to 4.1%. Analysts had anticipated it would rise to 4.3%.

With reports from La Jornada and El Economista

Have something to say? Paid Subscribers get all access to make & read comments.
Visitors explore the Teotihuacán Archaeological Zone in México state.

Mexico sets a new record for tourist arrivals and spending, even as growth slows

MND Staff - 0
Tourists arriving by land, particularly in border regions, have offset a decline in international tourists arriving by air — but some experts are still worried.

Energy equipment manufacturer WEG will build a $250 million plant in Hidalgo, creating over 2,000 jobs

MND Staff - 0
The Brazilian company, a world leader in the manufacture of generators, alternators and transformers, has operated in Mexico for more than a quarter century, with its local headquarters in México state, and already employs 6,000 people.
Variety of Mexican peso notes.

Mexico and My Money: Protecting yourself from counterfeit bills

Dawn Stoner - 3
Counterfeit pesos are becoming an increasingly common phenomenon in Mexico. In the latest installment of our Mexicy and My Money series, Dawn Stoner looks at how to tell real bills from fake ones.
BETA Version - Powered by Perplexity

VIDEO OF THE WEEK