Mexican Peso Stabilizes Ahead of Fiscal Package Release

The Mexican peso has stabilized near 16.91 against the US dollar as markets await Mexico's fiscal package to be sent to Congress.

President Claudia Sheinbaum announced that the 2027 budget would prioritize responsible fiscal consolidation without limiting investment or spending on social welfare, health, and education.

Banamex warned of a potential risk where a growing rigid share of the budget could force public investment cuts, weighing on medium-term growth.