Mexican Peso Breaks 18 per Dollar as US Yields Hit Their Highest Since 2007
The Mexican peso crossed 18 per US dollar as US bond yields hit a 2007 high and bets on another Fed rise grew. What is pushing it down and what holds it up. The post Mexican Peso Breaks 18 per Dollar as US Yields Hit Their Highest Since 2007 appeared first on The Rio Times .
Mexico's peso crossed the 18 peso per US dollar threshold for the first time since March on Tuesday, October 29, 2026. Banco de México's reference rate, known as the FIX, reached 18.0710, marking the highest level since early 2026. This surge in the peso's value is primarily driven by higher US bond yields, bets on the Federal Reserve, and a stronger dollar.
The last time the peso breached this mark was on Monday, September 28, 2026, when it reached 18.0059. Tuesday saw the peso break through again during the trading session, with El Economista reporting a high of 18.1503, and the FIX closing at 18.0710. The peso's value dropped 0.66 percent from Monday's close. While the peso has strengthened significantly, it remains below its peak levels of 2025.
Analysts attribute the peso's appreciation to the widening gap between US yields and Mexican policy rates, as well as concerns over US federal debt and energy prices. Despite the recent appreciation, the peso has not fully recovered to its 2025 levels, and the central bank maintains that it won't mimic the Federal Reserve's monetary policy actions.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
