The Mexican peso has risen for three consecutive days, approaching the 17 mark, as carry trade sentiment in emerging markets improves.
智通财经2026/08/14 10:26- Boosted by controlled US inflation and a weaker US dollar, the Mexican peso continued its appreciation trend, with the spot exchange rate rising to around 17.04 pesos per US dollar—its highest level since May 2024. This marked three consecutive days of gains, with an accumulated appreciation of about 1.6% over the past eight days.
- The US Dollar Index edged down overnight to 99.85. Against the backdrop of improved risk appetite for emerging market assets and Mexico’s relatively high interest rates, the peso continued to receive support from capital inflows.
- Month-on-month, US producer prices were flat in July, and initial jobless claims slightly exceeded expectations, further reinforcing market expectations that the Federal Reserve will keep interest rates unchanged. This put pressure on the US dollar while benefiting the peso.
- The Mexican stock market did not follow the record-breaking rise of US stocks and fell by more than 1% on the day, with only a small number of consumer stocks closing higher. This indicates a certain divergence between domestic risk appetite and the peso’s exchange rate trend.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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