The exchange rate closed on May 12 at 17.2228 pesos per dollar, marking a 0.14 percent depreciation.
The Mexican peso extended its losses for a second straight day on Tuesday, May 12. Bank of Mexico data showed the currency closed at 17.2228 pesos per dollar, a decline of 0.14 percent or 2.33 cents from the prior close.
Analyst Felipe Mendoza of EBC Financial Group said the session began at 17.18 and finished at 17.22, for a 0.24 percent drop. He linked the move to US inflation data at 3.8 percent, which lowered expectations for near-term Federal Reserve rate cuts.
At bank windows the dollar sold for 17.70 pesos, according to Banamex. The dollar index rose 0.32 percent to 98.30 points, underscoring broader US currency strength.
