{
  "id": 10549430,
  "title": "Peso falls to 18 to the US dollar as oil, Fed worries weigh on both currencies",
  "url": "https://urgent.news/2026/09/28/peso-falls-to-18-to-the-us-dollar-as-oil-fed-worries-weigh-on-both",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-28T22:10:54.000Z",
  "source": {
    "name": "Mexico News Daily",
    "slug": "mexico-news-daily",
    "url": "https://mexiconewsdaily.com/news/peso-18-oil-fed-rates/"
  },
  "original_language": "en",
  "account": "Monday saw the Mexican peso plunge to 18 per US dollar, marking a decline of over 1% since Friday and nearly 6% since its peak this month. This sharp dip occurred just weeks after the peso was touted as the \"super peso,\" trading below 17 to the dollar. The present rate of 18, observed early Monday afternoon, signifies a 6.2% depreciation compared to its highest closing rate this month — 16.89 to the dollar on September 4, per Banxico. By 3 p.m. Mexico City time, the peso was traded at 17.99 to the US dollar, according to Bloomberg. Banxico's closing USD:MXN rate, reported each day at 2:10 p.m., recorded a 1.3% depreciation from the Friday closing rate. El Financiero attributed the peso's decline to heightened risk aversion, rising oil prices, and anticipated tightening by the US Federal Reserve, which recently raised its benchmark interest rate by 25 basis points to a range of 3.75%-4%. The peso previously enjoyed a significant interest rate advantage over the Fed, but that gap has narrowed, and may close further if the Fed hikes its rate again next month. Currently, the peso is back to a position last seen almost six months ago. On Monday, economist Gabriela Siller posted that the peso had not traded at 18 to the dollar since March 31. She added, \"Strong dollar or weak peso? Both.\"",
  "summary": "The sharp depreciation on Monday came just weeks after the return of the \"super peso\" was proclaimed at a time when the peso was trading at below 17 to the greenback. The post Peso falls to 18 to the US dollar as oil, Fed worries weigh on both currencies appeared first on Mexico News Daily",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}