Mexican Peso Softens, Equities Hit Air Pocket After Friday’s Heavy Selloff

2026-02-03 - 09:55

KEY POINTS • USD/MXN rebounded to ~17.49 as late-January peso strength looked stretched; daily RSI remains oversold at 24.8 • Mexico’s IPC plunged 2.72% on Friday to 67,598.95—heaviest single-session loss since April 2025 • Mining sector led the rout: PE&OLES collapsed 13.4%, GMEXICOB fell 7.0% on commodity weakness • 4H charts signal short-term dollar bounce