Mexican Peso Strengthens on Improved Sentiment Toward U.S. Trade Policy

By: fxleaders|2025/05/09 07:00:04
0
Share
copy
The Mexican peso strengthened against the U.S. dollar on Thursday, buoyed by improved sentiment following a new trade agreement between the United States and the United Kingdom, which raised hopes for progress in U.S.-China tariff negotiations. The exchange rate closed at 19.5373 pesos per dollar, compared to 19.6050 in the previous session, according to official data from the Bank of Mexico (Banxico). This represents a gain of 6.77 centavos, or 0.35%, for the peso. The dollar traded between a high of 19.6233 and a low of 19.5127 pesos. Meanwhile, the U.S. Dollar Index (DXY), which measures the greenback against a basket of six major currencies, rose 0.71% to 100.62. Investor sentiment improved after U.S. President Donald Trump and U.K. Prime Minister Keir Starmer announced a “major trade agreement” on Thursday—the first such deal since Trump imposed and later suspended steep import tariffs. The announcement fueled optimism that the U.S. could make headway in resolving its trade dispute with China. A U.S. delegation is set to meet with Chinese officials in Geneva, Switzerland, this weekend to discuss tariffs. On the domestic front, Mexico’s national statistics agency INEGI reported that annual headline inflation rose slightly to 3.93%—still within Banxico’s target range. Despite the uptick, analysts continue to expect additional interest rate cuts. “Despite the April inflation rebound, we maintain our forecast of a 50-basis-point cut at Banxico’s May 15 meeting,” said analysts, noting that attention will now turn to whether the central bank adjusts its forward guidance in response to inflation’s recent resilience.

You may also like

From Cash to Cryptocurrency: Moving Towards a Unified Regulatory Path for Illegal Payments

By establishing a framework based on the principle of "general law" and broadly defining the function of "payment tools," future innovations can be automatically included in the regulatory perspective, thereby breaking the passive cycle of "innovation-regulation-re-innovation-re-regulation" and guid...

Who will own the most Bitcoin in 2026

In this article, we will examine some individuals, companies, and wallets that have become crypto whales based on on-chain data and their own public statements, and investigate the amount of Bitcoin they hold.

A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic

What shapes the global AI landscape is not only the competition of technological routes but also a personal trauma that has never healed.

"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?

The encryption czar has left, and Trump has muted.

From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC

Financial infrastructure is the real reason that attracts venture capital investment in the cryptocurrency field.

A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic

Shaping the global AI landscape is not just a battle of technical paths, but also a wound of private trauma that has never healed

Popular coins

Latest Crypto News

Read more