Overview
- The Mexican peso closed at 17.23 per U.S. dollar in wholesale trading on Friday, Banco de México data show, marking its best level since mid‑May and a weekly gain of about 25 centavos.
- Mexico’s stock index, the S&P BMV/IPC, rose 1.46% on the same day and posted a weekly gain of roughly 2.74% as investors shifted toward riskier assets.
- Analysts and market strategists linked the peso rally to comments by President Trump and Pakistan’s prime minister that traders read as increasing the odds of a U.S.–Iran deal, which reduced demand for the safe‑haven dollar.
- In Argentina the informal 'dólar blue' recorded the largest weekly rise of 2026, gaining about ARS 25 to trade near ARS 1,440–1,475 depending on the city and local operators’ quotes.
- Official and financial exchange rates in Argentina remained more restrained, with Banco Nación quotes around ARS 1,400/1,450, MEP near ARS 1,450 and CCL around ARS 1,492, a gap that keeps pressure on consumers, savers and firms that need dollars.