The Mexican peso and the Mexican Stock Exchange (BMV) open in the green; the dollar at 18.40 pesos.

The Mexican peso opened trading on Monday, September 15, with an appreciation of 0.22% , equivalent to 4.1 cents , placing the dollar at 18.40 pesos . During the first few minutes of trading, the currency hit a high of 18.46 pesos and a low of 18.39 , a level not seen since July 26, 2024.

Gabriela Siller, director of analysis at Banco Base, highlighted that this is the seventh consecutive session of strengthening of the peso , accumulating a gain of 1.83% , or 34.3 cents in total. This movement reflects growing optimism in the markets regarding the possible decision by the Federal Reserve (Fed) to cut interest rates this week.

The dollar's weakening has been driven by expectations of a 25 basis point cut in the Fed's interest rate, analysts say. Part of this pressure is attributed to recent comments by former U.S. President Donald Trump , who indicated he expected a large cut, possibly as much as 50 basis points , fueling speculation in international markets.

The combination of these signals reinforces the peso's appreciation and keeps investors attentive to upcoming US economic decisions.

The Mexican Stock Exchange's Price and Quotation Index (IPC) opened the day at 61,944 points , up 0.24% , equivalent to 145.26 points compared to Friday's close.

During the session, the CPI reached a high of 61,985.48 points and a low of 61,730.36 , according to data from the BMV. Economists at Ve por Más highlight that the optimism in the stock market is also linked to expectations about the Fed and the limited relevant economic data due to be released this week in the United States, such as industrial production and retail sales for August .

Although Mexico's financial markets will be closed tomorrow for Independence Day , the exchange rate will continue to trade, so a continued downward trend due to the weak dollar is not ruled out.

Analysts recommend keeping a close eye on the Fed's interest rate decision , as this event could determine the next steps for the peso and the Mexican stock market.

1. Strengthening of the peso: seventh consecutive session, indicates confidence in the national currency.
2. BMV on the rise: CPI registers increases, reflecting investor optimism.
3. Fed Impact: Expected rate cut could further boost the peso and stock market.
4. Independence Day: Partial market closure, but exchange rate remains active.