Peso closes at 18.20 per dollar; Mexican stocks gain 0.52 %
The peso lost 1.22 % against Wednesday and moved back above 18 per dollar on the day Banxico published its minutes, while Mexican stocks recovered part of the prior drop.
The Mexican peso ended Thursday, Oct. 8, 2026, at 18.2025 per U.S. dollar, according to the foreign-exchange portal of Mexico's central bank, Banxico, read at 17:18 Mexico City time. On Wednesday it had ended at 17.9837, so the peso lost 0.2188 pesos, or 1.22 % (our calculation from the two Banxico figures), and moved back above 18.
The FIX, the reference rate the central bank calculates from wholesale-market quotes, was 18.1128 pesos, against 17.9780 on Wednesday, a 0.75 % loss for the peso. Other outlets use a different cutoff. Milenio reported 18.19, and El CEO put the day's range between 17.99 and 18.23.
The S&P/BMV IPC, the main index of the Mexican Stock Exchange, gained 0.52 % and ended at 64 986.91 points, according to El CEO. It had fallen 1.01 % on Wednesday. Coca-Cola FEMSA, the bottler, was the biggest gainer, up 3.22 % to 199.75 pesos per share. Airport operator Grupo Aeroportuario del Pacífico (GAP) fell the most, down 1.38 % to 357.08 pesos.
What analysts say
Gabriela Siller, head of economic analysis at Banco Base, says a good part of the peso's slide comes from Banxico's minutes, according to El Financiero. The document, published Thursday, says one board member sees room to consider a one-off rate cut, as we reported. According to the analysts quoted by the press, a smaller gap between Mexican and U.S. interest rates makes holding pesos less attractive.
| Indicator | Close | Change (%) |
|---|---|---|
| S&P 500 (points) | 7 765.36 | -0.47 |
| Nasdaq Composite (points) | 27 193.34 | -1.25 |
| Dow Jones (points) | 51 231.64 | +0.10 |
| WTI, November (dollars per barrel) | 90.84 | +2.90 |
| Brent, December (dollars per barrel) | 103.57 | +3.36 |
Humberto Calzada, chief economist at Rankia Latinoamérica, sees a dollar with an upward bias if the peso does not win back the 17.90 to 18.00 zone, according to Milenio, and marks 18.23 to 18.46 as resistance. That is his technical reading, not a projection by this outlet.
