Mexican Peso Rally and Stock Momentum Reveal Market Resilience

Banco de México reported the peso firmed to 18.46 per dollar after U.S. wholesale inventories beat expectations and the Dollar Index climbed above 95.

Meanwhile, the S&P/BMV IPC rose to 61 915 points as investors digested Pemex’s debt cut and sticky inflation. This combination underscores Mexico’s balancing act between external pressure and domestic improvement.

Pemex announced it trimmed its debt to eighty billion dollars, easing concerns over sovereign credit and prompting sovereign CDS spreads to narrow.

At the same time, September inflation ticked up to 3.72 percent year-on-year, delaying Banco de México’s rate cut until October. This dynamic kept real rates attractive, drawing local and foreign buyers.

On the currency charts, USD/MXN broke above the 20-day SMA and neared resistance at 18.50, signaling renewed strength. The 50-day EMA turned up, and the MACD line crossed above its signal, confirming bullish momentum.

The RSI sits near 60, indicating room to run before overbought levels. Bollinger Bands widened, reflecting higher volatility. The Global Liquidity Index (yellow line) slipped from recent highs, hinting at tighter funding conditions.

The stock index kept its climb above the 200-day SMA. Volume picked up as buyers confirmed the breakout past 61 700 points.

The MACD histogram expanded, and the RSI reached 65, suggesting mild overbought territory. Narrowing Bollinger Bands point to consolidation around current levels. Traders eye 62 000 as the next barrier.

Top 5 Winners

• Grupo Mexico led with a 2.80 percent gain to 147.00, marking an all-time high.
• Alsea rose 2.69 percent to 60.78, a 52-week peak.
• Grupo Carso added 2.41 percent to 131.26.
• Orbia advanced 2.79 percent to 16.21, led by strong chemical-sector demand.
• Grupo Aeroportuario del Pacífico gained 1.26 percent to 463.44 on robust travel bookings.

Top 5 Losers

• Gentera plunged 5.02 percent to 47.11 amid credit-cost worries.
• Genomma Lab slid 4.30 percent to 18.01, its lowest since last year.
• Becle fell 2.98 percent to 19.89 as consumer spending cooled.
• Industrias Peñoles dropped 3.53 percent to 711.01 on base-metals weakness.
• Grupo Televisa lost 3.01 percent to 9.98 on lower ad-sales forecasts.

Industrial production rose 0.4 percent in August, and retail sales climbed 1.1 percent, reinforcing growth. Traders now await U.S. personal-consumption data and Banco de México minutes later today, which could steer both peso and equity moves.

This blend of fiscal relief, resilient activity, and global shifts drove markets through the past 24 hours.