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490005Mexican Peso Loses Ground10/2/2025 2:15:38 PM"The peso weakened towards 18.5 per US dollar, retreating after approaching its strongest level since July 2024 of 18.29 seen September 16th after softer domestic activity and labour market signals have pushed markets to price more Banxico easing and eroded the currency’s yield appeal. Banxico cut its policy rate to 7.5% on September 25th and signalled scope for further reductions, narrowing Mexico’s interest rate premium and reducing demand for peso assets. S&P Global’s manufacturing PMI slipped to 49.6 in September and manufacturing business confidence remained below 50 at 49.7, evidence of cooling new orders and muted investment appetite that supports a case for easier policy. Labour market softness reinforced that view with unemployment rising to 2.9% in August, the highest since September 2024."MexicoCurrencyUSDMXN/mexico/currency1
489660Mexico Factory Activity Slips Into Contraction10/1/2025 3:09:25 PM"Mexico’s S&P Global Manufacturing PMI fell to 49.6 in September 2025 from 50.2 in August, slipping back below the 50.0 no change mark and signalling a marginal deterioration in factory activity. The change reflects a further expansion in new orders, the second month of increases, which firms linked to improved demand from clients in the construction segment and to pending projects moving forward, even as some respondents still cited the harmful effects of US tariffs. Purchasing activity increased, marking the first rise in input buying so far in 2025 after months of contractions. Employment declined again, with the pace of job losses picking up and output contracted at a quicker rate than in August. Input costs rose sharply and reached one of the steepest rates on record, while selling prices increased only modestly as producers struggled to pass on higher expenses. Business sentiment improved in September from August but remained historically subdued."MexicoManufacturing PMIMEXICOMANPMI/mexico/manufacturing-pmi1
489649Mexico Manufacturing Sentiment Negative for 7th Month10/1/2025 2:24:55 PM"Mexico’s manufacturing business confidence rose to 49.7 in September 2025, up 0.3 points from August but remaining below the 50 threshold for the seventh straight month. Gains came from improved views on the time to invest (+0.5 to 37.8), the country’s current economic situation (+0.1 to 49.5), and the company’s future outlook (+0.1 to 56.4). Expectations for the country’s future economy were unchanged at 52.8, while sentiment on the company’s current situation slipped 0.2 points to 51.0."MexicoBusiness ConfidenceMexicoBC/mexico/business-confidence1
489212Mexican Peso Extends Rally9/30/2025 5:30:46 PM"The peso strengthened towards 18.3 per US dollar, approaching its strongest level since July 2024 of 18.29 seen September 16th as clear Banxico guidance and a slightly softer US dollar narrowed external pressure. Banxico cut the policy rate by 25 bp to 7.50% in a four to one vote and described the move as calibrated and conditional, stressing data dependence and a gradual path for easing which reassured investors that inflation risks remain monitored and that policy will not pivot abruptly. Mexico’s unemployment ticked to 2.9% in August which signals modest slack but not a deep deterioration, supporting the view that real returns in peso assets will remain relatively attractive. At the same time growing concern over a potential US government shutdown and softer US data reduced safe haven demand for the dollar and eased USD pressure on emerging market currencies."MexicoCurrencyUSDMXN/mexico/currency1
488707Mexican Peso Strengthens Toward 1-Year Highs9/29/2025 1:53:41 PM"The peso strengthened past 18.38 per US dollar, approaching its strongest level since July 2024 of 18.29 seen September 16th after an expected Banxico rate cut removed a domestic shock while a softer US dollar reopened carry flows. Banxico delivered a 25 bp cut to 7.50% in a split vote and described the move as calibrated and conditional, which reassured investors that easing will be gradual and not destabilising. The decision was widely priced in before the meeting so there was no surprise-driven outflow and markets instead refocused on cross-border yield differentials. Mexico’s unemployment rose to 2.9% in August from 2.8% in July which implies modest slack but did little to instill a major policy shift. At the same time US inflation prints were broadly stable and US long yields eased, which weakened the dollar and removed an important external headwind for emerging market currencies."MexicoCurrencyUSDMXN/mexico/currency1