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fxAug 6, 2026, 9:47 PM

Mexican Peso Gains for Tenth Day After Banxico Holds Rates Steady

The Mexican peso climbed for a tenth consecutive session on Thursday after the Bank of Mexico kept its benchmark rate unchanged, with USD/MXN dipping to 17.21.

USDMXN

The Mexican peso extended its winning streak to ten straight sessions on Thursday, rising more than 0.12% against the US dollar. The move came after the Bank of Mexico (Banxico) opted to leave its key interest rate unchanged, a decision that supported the currency.

USD/MXN traded at 17.21 at the time of writing, having reached a daily high earlier in the session. The pair has been grinding lower throughout the rally, reflecting broad peso strength.

Source: FXStreet Forex News