The Mexican peso strengthens, and the markets halt their decline

As the first quarter of 2026 draws to a close, financial markets—which remain dominated by oil prices—are looking to close the quarter with gains.

Brent crude is trading at US$115 per barrel; and despite increased restraint, oil prices in March recorded their largest monthly increase on record. Its counterpart, WTI, is trading at US$103.52.

The US President Donald Trump asserts that the war could end in four to six weeks; and with the close of Asian stock markets, Japan’s Nikkei ended with a 1.58% drop, losing 12%—its worst month since 2008.
And although a bad month is also forecast for Wall Street, the Nasdaq rose 1.59%, while the S&P 500 rose 1.26%. The Mexican Stock Exchange (BMV) rose 1.40% to 68,000 points.

As a result, the Mexican peso returned to trading below 18 pesos per dollar, trading at around 17.991 pesos per dollar.

The slowdown in the rise of the dollar and debt yields provides relief for gold prices: the precious metal is up 1.11 percent, to US$4,600 per ounce, while silver has rebounded to US$72.88.