US dollar breaks above 17 Mexican pesos

The US dollar appreciated 1.05% against the Mexican peso to trade at 17.1491 pesos per dollar on Monday, 14 September 2026, at 7:13 a.m. Mexico City time, according to Bloomberg data. This move lifted the exchange rate back above 17 pesos after eight sessions below that mark. In overnight trading, the Mexican currency posted a low of 16.96 and a high of 17.16 pesos per dollar.

At Mexican bank windows, the US currency sold at 17.38 pesos at Banamex, 17.30 pesos at Banorte, 17.45 pesos at BBVA, and 17.15 pesos at currency exchange offices. The dollar index, which tracks the currency against a basket of six major peers, climbed 0.56% to 99.68 points.

Market expectations for a tighter monetary policy stance by the Federal Reserve pressured the exchange rate. Felipe Mendoza, market analyst at EBC Financial Group, stated there is an 85% probability that the central bank increases its interest rate by 25 basis points at its Wednesday meeting, taking the benchmark range to between 3.75% and 4%.

Grupo Financiero Monex noted that geopolitical conflict in the Middle East and rising energy costs also drove risk aversion. Crude oil prices climbed more than 4% during Monday's session, adding to global inflationary concerns and boosting demand for safe-haven assets.