Puerto Vallarta, Mexico – The Mexican peso traded with slight gains against the U.S. dollar on Tuesday, as market participants kept close watch on the latest developments in U.S. trade policy. The local currency’s advance comes a day before new U.S. tariffs on steel and aluminum are scheduled to take effect.
According to data from the Bank of Mexico (Banxico), the peso stood at 20.3404 units per dollar in spot trading, compared to its closing level of 20.3623 pesos on Monday. This move represents a gain of 2.19 cents for the local currency, equivalent to a 0.11% increase. During today’s session, the dollar fluctuated between a high of 20.3985 pesos and a low of 20.2842 pesos.
Meanwhile, the Intercontinental Exchange’s Dollar Index (DXY)—which measures the greenback against a basket of six major currencies—fell 0.53% to 103.38 units. Analysts noted that while a weaker dollar typically benefits emerging-market currencies such as the peso, investors remain cautious due to looming U.S. tariffs and concerns about the health of the world’s largest economy.
“The peso is showing a modest gain thanks to the dollar’s decline, but its advance is limited by the proximity of the imposition of tariffs on steel and aluminum, and by fears of a possible slowdown in the U.S. economy,” stated financial firm Monex.
Further fueling uncertainty is an upcoming meeting between U.S. President Donald Trump and around 100 leaders of some of the world’s largest corporations. The president is expected to discuss key issues including trade policy, potentially giving markets new insights into the future direction of U.S. economic measures.
As investors weigh these developments, currency traders will continue monitoring both trade headlines and signals from central banks, aiming to gauge whether the peso can sustain its modest gains or if heightened U.S. trade tensions will pressure it further in the days ahead.
Puerto Vallarta, Mexico - The Mexican peso traded with slight gains against the U.S. dollar on Tuesday, as market participants kept close watch on . . .
