The Mexican peso strengthened by 0.13% to 17 per USD, driven entirely by the reopening of the Strait of Hormuz. This breakthrough has pushed the currency back to levels not seen in 11 weeks, completely erasing the volatility caused by the conflict. This recovery is supported by a weaker US Dollar (DXY -0.29%) and a massive 12% drop in oil prices. With the naval blockade resolved, global optimism has returned, allowing the peso to reach its strongest point since early February as investors expect a solid finish to the week across global markets.