The Mexican peso closed the trading day on Friday, February 6, with a 0.85% appreciation, settling at 17.2592 pesos per dollar, driven by global USD weakness and Banxico's decision to keep its rate at 7%. Analysts note this strength could hold in the 17.00-18.00 pesos range through the first quarter.
The Mexican peso's exchange rate against the US dollar showed notable appreciation this Friday, February 6, 2026. According to Banco de México (Banxico) records, the close was at 17.2592 pesos per dollar, representing a 0.85% gain from the previous close of 17.4079 pesos.
This recovery occurs amid global dollar weakness, aided by Banxico's decision to keep its monetary policy unchanged to prevent inflation spikes. The dollar index (DXY) fell 0.32% to 97.63 points, while Bloomberg's (BBDXY) contracted 0.36% to 1,190 points.
Monex analysts explain that the peso reverses prior session losses due to USD frailty, influenced by upcoming FOMC member statements on Monday. Luis Estrada, strategist at RBC Capital Markets, stated: “the selling of USDMXN will keep the peso strong in the 17.00-18.00 range in the first quarter, supported by a stable 7.0% carry and gains in regional peer currencies against the USD”.
In bank windows, the dollar sold for 17.70 pesos per Banamex. However, experts warn of the peso's limited strength, citing factors like Kevin Warsh's Fed nomination strengthening the dollar, and T-MEC risks. Economy Secretary Marcelo Ebrard assures the treaty “survived” consultations, but uncertainties remain on Mexican concessions.
Mexico's economy shows solid fundamentals, though with low 2025 growth and modest 2026 prospects. Trump's policies could discourage investments in Mexico, despite Sheinbaum administration's infrastructure announcements for 2026-2030.
