Peso hits its strongest point so far this year

The Mexican peso made caller gains against the dollar connected Thursday aft recovering from a little intermission successful its seven-day winning streak. 

The Mexican currency closed astatine 18.66 pesos per U.S. dollar Thursday, its strongest level since August 15, 2024. The per-dollar complaint broke the 19 obstruction successful June. 

The peso continued to summation connected Friday, coming successful astatine 18.63 to the dollar soon aft 1 p.m. Mexican Central Standard Time.

The peso’s emergence comes astatine a clip erstwhile markets look to person temporarily acceptable speech concerns implicit the geopolitical concern successful the Middle East. Meanwhile, concerns astir tariff negotiations betwixt Mexico and the U.S. are resurfacing, El Economista reported.

Even arsenic the peso roseate against it, the dollar strengthened aft the merchandise of better-than-expected U.S. employment data, with occupation instauration figures surpassing the consensus. The U.S. dollar index, which measures the greenback’s show against six planetary currencies, roseate 0.35% to 96.77.

Despite persisting commercialized and fiscal uncertainties successful the U.S., the upbeat jobs study helped assistance the dollar disconnected caller lows. 

Far from confirming the slowdown that analysts had forecast, U.S. occupation instauration roseate to 147,000 — importantly higher than the forecast of 110,000. This emergence contributed to an unexpected diminution successful the unemployment rate, dropping from 4.2% to 4.1%. Analysts had anticipated it would emergence to 4.3%.

With reports from La Jornada and El Economista