Mexican peso advances against US dollar amid Fed policy anticipation

The Mexican peso showed a slight recovery against the US dollar on September 16, 2026, despite low trading volumes due to the Independence Day holiday in Mexico. The exchange rate was reported at approximately 17.14 pesos per dollar in international markets, while Banco de México noted a reference exchange rate of 17.1277 pesos.

Market attention is currently focused on the Federal Reserve's upcoming monetary policy announcement. Analysts suggest the Fed may raise interest rates by 25 basis points, potentially placing the range between 3.75% and 4%. While such a move could strengthen the dollar as a safe-haven asset and impact emerging market currencies like the peso, some experts believe the impact on the peso-dollar parity may be moderated as investors have already priced in the expected rate hike.