Mexican Peso Plummets As Tariffs Loom, Markets Watch Peso Carefully

The U.S. dollar began trading higher in Mexico this morning, continuing last week’s upward trend. At 6:18 a.m. CDMX time, the greenback was quoted at 20.38 Mexican pesos—marking a 0.44% increase from yesterday’s close of 20.30 pesos.

Market watchers say the rise in the dollar comes amid growing uncertainty in the Mexican peso, which has been losing strength ahead of a critical policy shift. In just two days, the current pause on tariffs—specifically those impacting Mexican products under the so-called Student tariffs—will come to an . . .