Breaking: Peso surges past 17 per dollar as the 'super peso' returns

The Mexican peso broke the 17-per-dollar threshold and traded around 16.98 pesos per U.S. dollar in wholesale transactions early Friday in Mexico City, before edging back to just above 17 near midday. The move ends two days of the currency testing levels below 17 and underscores renewed strength that has drawn investor attention. Before 8 a.m. Mexico City time, the rate was 16.9965. By midday, it had risen to 17.0389. The peso had closed Thursday at 17.0431 per “spot dollar” and gained 0.13% versus Wednesday. Banamex analyst Paulina Anciola attributed the “super peso” return to global dollar weakness amid uncertainty in the U.S. economy and shifting expectations around monetary policy, with a roughly 450-basis-point interest-rate differential in Mexico’s favor.