Mexican Peso Falls for Fourth Consecutive Day, Accumulating a 4.8% Loss

The currency extended its decline in a volatile session marked by persistent market nervousness about the possibility of the United States nearing a recession.

The Mexican peso depreciated against the dollar on Tuesday. The local currency extended its decline in a volatile session, with market concerns persisting about the U.S. economy potentially approaching a recession.

The exchange rate closed the day at 19.5257 pesos per dollar. Compared to yesterday’s close of 19.3972, based on data from the Bank of Mexico (Banxico), this movement represented a loss of 12.85 cents, equivalent to a 0.66 percent change.

The dollar’s price fluctuated within a wide range, reaching a high of 19.5250 pesos and a low of 19.1388. The U.S. Dollar Index (DXY) from the Intercontinental Exchange, which compares the greenback against six benchmark currencies, gained 0.25% to reach 102.95 points. Today, the Mexican peso experienced reduced volatility compared to the previous session, aided by a relatively modest economic agenda but still reflecting investor caution.

The peso has now logged four consecutive losing sessions. With a close of 18.6320 pesos last Wednesday, the exchange rate has increased by 89.37 cents during this negative streak, equivalent to a 4.79 percent change.

The peso showed signs of stability following several days of nervous trading. The previous days’ sell-off decelerated significantly, stabilizing the exchange rate around 19.50 pesos per dollar.