Monday, September 15, 2025

Peso reaches 6-month low against US dollar

The Mexican peso had another bad day on Thursday, depreciating to 18.37 to the US dollar before strengthening slightly.

The last time the peso was weaker than that level against the greenback was in late March.

Change center
The peso reached 18.29 against the dollar yesterday, said Bloomberg. (Alistair Macrobert/Unsplash)

At 2:30 p.m. Mexico City time, the peso had regained some ground to trade at 18.29 to the dollar, according to Bloomberg. Based on that exchange rate, the peso depreciated 1.9% on Thursday, after trading at 17.95 to the dollar at the close of markets on Wednesday.

The USD:MXN was 17.42 at the close of markets last Friday, meaning that the peso has depreciated about 5% so far this week.

The newspaper El Financiero reported that the peso weakened on Thursday due to a decline in oil prices and expectations that the United States Federal Reserve could raise interest rates early next month.

The currency also dipped on Tuesday after the publication of U.S. data that showed there were more job openings than expected in August. That raised expectations that the Fed could increase rates again this year.

At 11.25%, the Bank of Mexico’s benchmark interest is well above that the Fed’s 5.25-5.5% target range. Analysts cite the broad gap between the two rates as one factor that has helped the peso appreciate this year after it started the year at about 19.5 to the greenback.

With reports from El Financiero 

Have something to say? Paid Subscribers get all access to make & read comments.
crash in Yucatán

Highway accident west of Mérida kills 16, injures 2

0
A freight truck carrying beer, a passenger transport van and a private vehicle were involved in the crash on the Mérida–Campeche federal highway near the town of Kopomá, Yucatán.
ammuniton evidence

American woman arrested for smuggling ammunition into Mexico 

0
It was the second recent arrest of an American trying to smuggle military equipment across the border, and an early test of a new bilateral agreement to crack down on weapons smuggling.
gulf of mexico protest against Veracruz port construction

Veracruz residents protest port expansion threatening Gulf’s coral reefs

0
The group of protesters objects to the construction of a 3,000-meter breakwater on the La Gallega reef and seeks to increase visibility of the endangered Veracruz Reef System.
BETA Version - Powered by Perplexity