Mexico Markets: IPC & the Peso — August 29, 2026

Mexico's benchmark S&P/BMV IPC stock index fell 0.53% on Friday, closing at 65,484.32 points. The decline was mainly driven by airport operators, airlines, and transport and telecom companies, which slipped as investors reacted to higher long-term borrowing costs in Mexican debt markets. The peso weakened to 17.03 per US dollar, marking a 0.4% depreciation for the day.

This brought the currency back to the 17-peso level for the first time in recent sessions. Local financial media linked the peso's decline to expectations of higher US interest rates. Despite the weak peso and higher bond yields, broad underlying demand helped contain losses to a narrow group of names, with 365 stocks rising and 327 falling across the broader market. The IPC is still about 9.2% below its 52-week high but remains roughly 12% above its yearly low.