He mexican peso is appreciated before the dollar at the beginning of the week. The local currency hits its best level in two weeks, following positive momentum in the markets, due to signs that the partial shutdown of the US federal government could end soon.
He exchange rate spot It is located at the level of 18.4016 units per dollar. Compared to a closing of 18,4573 units on Friday, with official data from the Bank of Mexico (Banxico), this means an improvement of 5.57 cents for the peso, equivalent to 0.30 percent.
He dollar price It moves in a range between a maximum of 18.4534 units and a minimum level of 18.3686. He Dollar Index (DXY), from the Intercontinental Exchange, which compares the US currency with six reference currencies, operates stable at 99.62 points.
The stock falls after the US Senate managed to advance on Sunday a motion to end the longest partial government shutdown in history. The closure or shutdown has interrupted the publication of important official economic figures.
Senators endorsed a bill passed by the House of Representatives that will undergo amendments to fund the federal administration through January 30, and includes a package of three appropriations bills for the fiscal year.
On the other hand, operators continue to adjust positions to the new outlook, after Banxico cut its key rate by 25 basis points last week and showed openness to another cut next month, but with the possibility of a pause in Q1 2026.
“The scenario for the day is one of oscillations, with the peso operating in a narrow range, while operators calibrate the impact of the more flexible monetary policy, the drop in remittances and the fiscal pressure for pensions,” said Felipe Mendoza, ATFX LATAM market analyst.
Regarding technical performance, Banorte analysts expected the price to extend its recovery, after at times piercing the 18.40 level. The next technical level it could face is located at 18.20. And upwards, the 18.50 zone stood out.
