Fed Hike Triggers Upside in USD/MXN as Peso Demand Slides
The Federal Reserve raised its benchmark interest rate by 0.25 percentage points to 3.75% to 4% on September 16, 2026, making U.S. dollar assets relatively more attractive and reducing demand for the Mexican peso in global markets.
As a result, the USD/MXN exchange rate is trading at Mex$17.3127, up slightly for the day, with price action occurring close to today's high.
The Ichimoku Kijun level at Mex$17.2395 acts as immediate support, and momentum indicators are divided: MACD signals continued upside while ADX reads neutral, and both RSI and CCI are in buy territory.
In the short term, USD/MXN is projected to fluctuate in the Mex$17.2245, Mex$17.3993 range over the next two to three sessions, with a bullish break above resistance potentially targeting the upper band of this range.