Mexican Peso Surges to Multi-Month Highs as Equities Shine

Key Points The Mexican peso has strengthened significantly, reaching its highest level against the USD since July 2024 at around 17.93 pesos per dollar, driven by attractive carry trades and U.S. dollar weakness. Mexico’s S&P/BMV IPC index has delivered exceptional performance in 2025, with year-to-date gains exceeding 30% and approaching all-time highs, reflecting resilient domestic […]