Mexico IPC fell 1.86% to 66,141 on June 5 as a stronger dollar pushed the peso 1.02% weaker, leaving the index near oversold support.
Key Facts
Mexico’s IPC fell 1.86% to 66,141 on June 5 — the second-steepest drop in Latin America, behind only Argentina.
This was the dollar’s day: USD/MXN rose 1.02% to 17.46 as a broad dollar bid pressured the peso along with the region.
The equity fall outran the currency — a 1.86% index drop on a 1.02% peso move points to risk-off in the heavyweight stocks, not just FX.
Momentum has cooled toward oversold, with the daily RSI near 36, the weakest reading in weeks.
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