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Mexican peso
The gist
The Mexican peso weakened to near 17.2 per dollar after the Fed raised rates.
The narrowing rate gap with Banxico's 6.50% cuts the peso's carry appeal.
How it unfolded
- Sep 11, 2026The Mexican peso touched a more than two-year high of 16.98 per US dollar.
- Sep 12, 2026The peso was little changed near 16.91 per dollar as markets weighed Mexico's budget package and US inflation data.
- Sep 15, 2026The peso lost ground, with USD/MXN rising over 0.09% to 17.15 after hitting a yearly low of 17.10.