Amid global conflict, the peso continues to strengthen

Despite risk aversion among global investors, Mexican markets posted gains: the Mexican peso appreciated by 0.37% on the day, closing at 17.2792 units per spot dollar, capitalizing on the dollar’s weakness worldwide.

The DXY index, which measures the dollar’s performance against a basket of six international currencies, fell 0.30 percent to 98.910 units. The dollar index was on the verge of reaching 100 points.

The market closed in negative territory in a session pressured by the rebound in oil prices amid renewed doubts about a possible reopening of the Strait of Hormuz. Washington and Tehran rejected new proposals, deeming them insufficient to move toward an agreement, thereby keeping commercial traffic through the region limited.