On February 26, the Mexican peso saw a depreciation against the US dollar, falling by 0.37% to an exchange rate of 17.22 pesos per dollar. This decline comes as traders analyze various labor market data from the United States, highlighting a connection between US economic indicators and Mexico's currency valuation. The market is keenly awaiting the quarterly report from the Bank of Mexico, which is expected to update growth forecasts for 2026.

Market analysts, like Felipe Mendoza from EBC Financial Group, expressed concerns about potential risks affecting the peso's stability, particularly regarding escalations in domestic violence or external factors related to the global dollar that could disrupt trade flows. Such disturbances could hinder the expected conditions for the peso’s appreciation. In the local trading scene, the peso is anticipated to fluctuate between 17.10 and 17.25 pesos per dollar for the remainder of the trading day.

As the country prepares for the report from Banxico, these currency fluctuations reflect broader economic sentiment in Mexico, heavily linked to its trade relations and the influence of the US economy. With the US continuing to unveil labor market data, Mexican operators remain vigilant of how these figures may affect their currency and economic forecasts, underlining the interconnectedness of the regional economies in North America.