The Mexican weight falls to new minimums of 15 days after the Fed decision

• The USD/MXN rises to new maximums of 15 days in 18.86.
• The US dollar reaches its highest level in two months after the restrictive words of Jerome Powell.
• The Fed maintains interest rates without changes in 4.5%.
• The Mexican economy grows more than expected in the second quarter of the year while a resolution on tariffs is expected.

The USD/MXN records profits for the third consecutive day this week. After falling to a minimum daily in 18.69 in the European morning, the dollar has risen in front of the Mexican peso to new maximum of fifteen days in 18.86 after the decision of interest rates of the Fed. Just before the closing of the American session, the pair quotes over 18.84, winning 0.37% in what we have taken from day.

The restrictive tone of Jerome Powell drives the dollar after the decision of interest rates of the Federal Reserve

The American dollar index (DXY) jumped strongly above 99.00 after knowing that US GDP and the ADP’s private employment report had been much better than expected. After the decision of the Fed and the words of its president, Jerome Powell, the DXY index has shot at 99.90, its highest level in two months, specifically since May 29.

The Gross Domestic Product (GDP) of the United States grew at a rate of 3% in the second quarter of the year, according to preliminary reading. This figure significantly exceeds the growth of 2.4% expected and the contraction of 0.5% seen in the first quarter.

On the other hand, the ADP Employment Report has also supported the dollar, since it showed that in July 104,000 jobs were generated in the private sector, well above the estimated 78,000. The June data, in addition, has been reviewed, with 23,000 lost jobs compared to -33,000 published a month ago.

Finally, the day has closed with the decision of the United States Federal Reserve to keep their interest rates in 4.5%, although with two votes against, those of Christopher Waller and Michelle Bowman, who opted for a cut of types of 0.25%. Although this detail caused an initial reaction of recoil in the dollar, the words of the president of the FED, Jerome Powell, re -promoted it, raising it against their counterparts. Powell said that no decision on September has been made and warned that it is still early to evaluate the impact of tariffs on the economy. Finally, he challenged Donald Trump, ensuring that having an independent central bank is a good for the American population.

The economy of Mexico grows more than expected in the second quarter waiting to meet a tariff agreement with Trump before August 1

The Gross Domestic Product (GDP) of Mexico grew at a rate of 0.1% per year in the second quarter of 2025, according to the preliminary reading published by the National Institute of Statistics and Geography (INEGI). The figure is below 0.8% of the first quarter but improves the 0.1% decrease provided by the market. At the intertrrimestral level, the Mexican economy registered a 0.7% growth from the previous 0.2%, exceeding 0.4% estimated by consensus.

In the absence of two days for the deadline of August 1, Mexico continues without knowing that Tariff will impose Trump to its imports. Mexican President Claudia Sheinbaum said yesterday that she expects “a good agreement” before Friday, while the Secretary of Economy, Marcelo Ebrard said she shows himself optimistic after intense negotiations, although she has acknowledged that everything is in Trump’s hands.

USD/MXN Price levels

The 14 -day relative force (RSI) index is firmly above 50 in the short, medium and long term, suggesting an extension of the upward movement, although in the graph of one hour and four hours the indicator is very overcapted, pointing to a brief setback in the next hours.

Upwards, the immediate resistance is in 18.88, ceiling of the month registered on July 15. Above, an overcoming of the psychological zone of 19.00 is necessary to aim towards the 19.35/19.39, Maximum mobile area give 100 periods in daily graphic, respectively.

In case of backward, the first support is waiting in the mobile average of 100 periods in one -hour and four -hour graph at 18.67. Below, the objective is at a minimum of twelve months located in 18.52.