2026-06-02

Soft dollar, appetite rising

Risk On Score

61/ 100

◇ CONSTRUCTIVE

0 · risk-offrisk-on · 100

— What the index means

The Risk On index sums up global risk appetite — with a Mexico focus — in a single 0–100 number. Depending on where it lands, the day falls into one of these four bands:

0–32

Risk-off

Fear in control: money runs to safety (dollar, gold, Treasuries). Usually a weak peso and markets selling off.

33–49

Defensive

Caution: not panic, but the market eases off the gas. A time to protect more than to reach for risk.

50–67

Constructive

Healthy appetite: a selective willingness to take risk. The peso and risk assets find support.

68–100

Risk-on

Full appetite: the market buys risk with confidence. A favorable backdrop for the peso and emerging markets.

The Risk On index is a proprietary indicator, designed and maintained by Mauricio Mercenario. It is a market-reading tool, not investment advice.

The DXY pulled back and that relieved pressure across nearly everything. When the dollar eases, money feels encouraged to seek yield in riskier assets — and the peso tends to benefit.

Index at 61: moderate risk-on. Not euphoria, but a market more willing to take risk than yesterday.

What happened after this view?

USD/MXN +5d

+0.90%

USD/MXN +10d

-0.53%

S&P +5d

-2.93%

S&P +10d

-1.29%

Market return over the trading days after publication. For USD/MXN, negative = the peso appreciated. Automatic evaluation — not investment advice.

ShareX

Index at the time of this note (2026-06-02) — the live value on the homepage may have changed.

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