Puerto Vallarta, Mexico - On Wednesday morning, May 7, 2025, the Mexican peso extended gains against the US dollar, trading at 19.5983 pesos per dollar—up 6.15 cents, or 0.31%, from Tuesday’s Banxico-reported close of 19.6598 pesos . The advance came just hours before the Federal Reserve’s widely watched monetary policy announcement and following confirmation that senior US and Chinese officials will meet in Geneva this weekend for talks that could ease bilateral trade tensions.