The Mexican peso closed Friday 16 October at 18.5045 per dollar, 9 centavos weaker than the 18.4111 close on 9 October, extending its losing streak to a sixth straight week. Traders pointed to hot US inflation, with September consumer prices up 3.7% year on year, and growing bets on a Federal Reserve rate hike. Banxico's FIX reference rate for Friday was 18.4930, while the dollar's weekly high of 18.6090 was the highest since November 2025. A weaker peso makes Mexican trips and costs cheaper for US buyers but signals investor caution. Banxico's rate has stood at 6.50% since its 24 September decision, and part of the board would cut if inflation improves.
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