Mexican Peso Dips Near 17.99 per US Dollar Amid Trade Talks

On July 16, 2026 the US dollar was quoted at roughly 17.99 pesos for sale and 16.50 pesos for purchase in Cancun, while the euro traded around 19.05 pesos (buy) and 21.89 pesos (sell). Banks such as Banco Azteca and local exchange houses offered these rates, with operating hours from 9:00 a.m. to 9:00 p.m. for most outlets.

Analysts attributed the peso’s movement to external factors: a decline in US unemployment claims, a revised IMF growth forecast for Mexico, and ongoing T‑MEC renegotiation talks. Geopolitical tension between the United States and Iran also added volatility, but market participants noted a structural floor for the peso due to Mexico’s deep integration in U.S. supply chains.