Mexican Peso Strengthens Below 18 Per Dollar

Mexico City — In a session marked by the latest monetary policy decisions of the year from important monetary authorities worldwide, including Mexico’s, and U.S. inflation data, the Mexican peso started this Thursday once again below 18 units per dollar.

The Mexican currency registered an appreciation of 0.14 percent against its U.S. counterpart, trading at around 17.97 pesos per dollar, awaiting confirmation of the rate cut by the Bank of Mexico to seven percent this midday.

This occurs alongside the dollar’s decline following the publication of November inflation in the United States. The DXY index, which measures the behavior of the U.S. currency against a basket of six international currencies, retreated 0.11 percent to 97.892 points.

U.S. inflation was 2.7 percent year-on-year in November, the lowest since July and below market expectations of a rebound to 3.1 percent. There are practically no inflation data for October due to the government shutdown. Meanwhile, core inflation, which determines the long-term trajectory, stood at 2.6 percent, a drop of four-tenths and also below Wall Street expectations.

Thus, it can be anticipated that the rate cut could continue next year, although economic agents are taking it cautiously.

This is the first time the Bureau of Labor Statistics (BLS) has published inflation figures since the end of the federal shutdown, which prevented data collection in October.

The European Central Bank (ECB) kept rates at two percent for the fourth consecutive time. Inflation and growth projections, revised upward, fuel speculation about a potential rate hike in 2026.

Before the ECB came the decision of the Bank of England, which, as expected, lowered interest rates by a quarter percentage point to 3.75 percent.

U.S. stock index futures are trading with average gains of 0.80 percent.

The yield on the 10-year bond in the United States is around 4.114 percent.

Oil prices moderate gains but extend positive data. Brent rises 0.39 percent to $59.93, while WTI rises 0.56 percent to $56.14.

Despite a slight correction, the price of gold remains above $4,350 per ounce, in record territory. Bitcoin, for its part, remains stuck at $88,000.