México CITY.- The Mexican peso and the Mexican Stock Exchange returned to negative territory this Thursday, dragged by international uncertainty and growing tensions in the Middle East.
The Mexican currency closed the day at 17.79 pesos per dollar, which represented a depreciation of 1.31%, according to data from the Bank of México.
At the same time, the dollar index — which measures the strength of the greenback against other currencies — strengthened, driven by investors’ search for refuge.
The global context does not help. The conflict in the Middle East continues to generate nervousness in the markets due to its possible impact on inflation and global economic growth.
The attacks on oil tankers in the Persian Gulf and the intensification of bombings on Tehran fueled financial volatility.
YOU MAY BE INTERESTED IN: México and the US prepare review of the T-MEC with first round – Punto MX
Specialists warn that the Mexican currency is going through a delicate moment, since investors are prioritizing liquidity in dollars in the face of uncertainty and inflationary pressures.
Tension increased after a report that spoke of a possible negotiation by Iran to stop the conflict was denied. After that correction, the markets resumed sales.
Added to this is another international factor: China, the second largest economy in the world, set its growth goal for this year between 4.5% and 5%, a slight slowdown compared to the 5% registered in 2025.
Positive projections
Still, there is some optimism in the medium term. A Citi survey predicts that the peso will close the year around 18.18 per dollar, a slightly better expectation than previously estimated. Meanwhile, volatility will continue to set the pace of the markets.
Source: Punto MX Redacción from Punto MX on 2026-03-05 17:43:00
