Peso Surge Deepens As USD/MXN Cracks 17.12, While Mexico Stocks Stay Hot

2026-01-29 - 10:00

Key Points USD/MXN traded near 17.12 after printing 17.097, keeping the downtrend firmly in control. Momentum is extreme on the daily chart, raising bounce risk even as sellers dominate. Mexico’s IPC rose toward 69,960, with overbought readings signaling strength and crowding. The peso extended its advance on Thursday as USD/MXN hovered around 17.12 in early