Mexico’s Peso Holds A Tight Range As Stocks Push Fresh Records

Mexico’s year-end markets are restrained: tight FX ranges, low volatility, and equities at records even as flows cool. Key Points USD/MXN is near 17.95 per $, with the dollar index stuck in the high-97s. Banxico’s 7.00% policy rate still supports carry, but FX technicals favor selling rallies. The IPC is at an all-time high, yet […]