Mexico Markets On January 22, 2026 Morning: Peso Holds Firm, Stocks Near Highs
Key Points
- Your charts show USD/MXN near 17.4686 at 08:03 UTC, with downside momentum still stretched.
- The S&P/BMV IPC closed January 21 at 68,036.13, up 0.52%, on heavy reported turnover.
- The dollar index steadied near 98.59 as tariff fears cooled, but traders stayed wary.
The peso started Thursday still firm, but no longer calm. In the 4-hour view, USD/MXN sat at 17.4686 after trading 17.4787–17.4654 in the latest bar. The daily candle showed 17.4751–17.4966–17.4530–17.4686.
On the weekly view, the pair was down about 0.87% with a low near 17.4220. That mix points to a strong trend, but a fragile one. The technical picture argues for caution.
The 4-hour RSI near 25 and the daily RSI near 21 are deeply oversold for USD/MXN. MACD remains negative across timeframes, but selling pressure is no longer accelerating.
Oversold does not mean reversal, but it often means sharp bounces can arrive suddenly. First resistance sits around 17.51–17.58, then 17.70–17.78. Support is 17.45, then the week’s 17.42 area.
The bigger driver was the dollar’s mood. After days of tariff brinkmanship, markets treated fresh signals of de-escalation as a relief trade. The dollar index stabilized around 98.59, while gold eased from record highs.
One strategist called it a relief rally where details mattered less than the crisis fading. Mexico equities kept climbing. The S&P/BMV IPC finished January 21 at 68,036.13, up 352.75 points.
The day’s range was 67,735.27 to 68,761.37, with reported volume near 189.83 million. The 4-hour RSI hovered near 71, and the daily RSI near 69. That is bullish, but stretched.
Top winners: Megacable, Banco del Bajío, OMA B, Grupo Televisa, GCC.
Top losers: Industrias Peñoles, Grupo Financiero Inbursa, Grupo México, Becle, Gruma.
For offshore positioning, EWW’s NAV rose from 74.57 on January 20 to 75.33 on January 21. Same-day creation and redemption figures were not publicly visible in the sources checked.
This is part of The Rio Times’ daily coverage of Mexican markets and Latin American financial news.
For regional context, see the Brazil’s Ibovespa report: Brazil’s Ibovespa.
For regional context, see the Argentina’s Merval report: Argentina’s Merval.
Live Market IntelligenceMexico — Live Market Board
Rio Times · Live Market Intelligence
Mexico — Live Market Board
-0.53%
175,664.62
+0.30%
65,484.32
-0.53%
11,445.90
-0.22%
2,979,472
-0.72%
2,457.87
-1.28%
60,779.49
-1.40%
| Instrument | Last | Change | YoY | Prev. | High | Low | Volume |
|---|---|---|---|---|---|---|---|
| IPC MEX | 65,484.32 | -0.53% | +12.17% | 65,829.98 | 66,121 | 65,405 | 108,886,187 |
| USD/MXN | 17.06 | -0.24% | -8.58% | 17.10 | 17.08 | 17.01 | — |
| WALMEX | 48.07 | -0.62% | -14.38% | 48.37 | 48.65 | 48.02 | 10,781,446 |
| GMEXICO | 223.28 | +0.35% | +73.59% | 222.50 | 226.18 | 222.17 | 1,325,556 |
| FEMSA | 201.19 | -0.24% | +25.67% | 201.67 | 206.71 | 199.56 | 750,706 |
| CEMEX | 19.32 | +0.89% | +19.10% | 19.15 | 19.35 | 19.04 | 14,327,054 |
| GFNORTE | 193.98 | +1.18% | +14.36% | 191.71 | 195.79 | 191.83 | 1,579,115 |
| BIMBO | 60.98 | -0.96% | +11.89% | 61.57 | 61.46 | 60.29 | 1,048,115 |
| TELEVISA | 9.71 | +0.21% | +12.78% | 9.69 | 9.75 | 9.60 | 577,851 |
| AMX | 19.80 | -0.95% | +12.53% | 19.99 | 20.05 | 19.70 | 58,058,525 |
| GAP | 366.23 | +0.43% | -21.21% | 364.68 | 370.85 | 362.82 | 226,946 |
| ASUR | 275.04 | +1.25% | -15.28% | 271.64 | 275.08 | 271.31 | 15,451 |
| OMA | 233.50 | +0.62% | -6.48% | 232.06 | 235.00 | 230.62 | 555,693 |
| KOF | 188.04 | +0.86% | +18.94% | 186.44 | 188.56 | 185.52 | 425,273 |
| GRUMA | 252.90 | +0.11% | -21.85% | 252.61 | 254.74 | 250.36 | 90,048 |
| KIMBER | 39.74 | +0.43% | +8.85% | 39.57 | 40.09 | 39.33 | 490,551 |
| AMX ADR | 23.38 | -0.23% | +22.25% | 23.43 | 23.49 | 23.06 | 1,347,445 |
Key Facts
— Deep Dive
— For the complete picture, read our in-depth guide: Mexico Economy 2026: GDP, Peso, Nearshoring, Banxico and Trade
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