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fxJun 22, 2026, 6:32 PM

Mexican Peso Slides as Hawkish Fed Boosts USD Ahead of Banxico Meeting

The Mexican Peso weakened 0.34% on Monday as the US Dollar strengthened on renewed Federal Reserve hawkishness. USD/MXN traded at 17.35 after bouncing from daily lows.

USDMXN

The Mexican Peso fell 0.34% on Monday, pressured by broad US Dollar strength following a hawkish repricing of Federal Reserve policy expectations. The Greenback recovered ground as markets adjusted rate-cut bets, lifting the USD/MXN pair.

During the session, USD/MXN touched a low before rebounding to trade at 17.35. The move comes ahead of the Bank of Mexico's (Banxico) next policy decision, adding to uncertainty for the Peso.

Source: FXStreet Forex News