The Mexican Peso traded near 17.00 per U.S. dollar on [date] after US-Iran military strikes increased geopolitical risk and drove investors toward safe-haven assets. The dollar strengthened against major and emerging-market currencies as investors sought U.S. Treasuries and the greenback, leaving the USD/MXN pair near the psychologically important 17.00 level. A sustained move above that threshold could indicate further Peso depreciation, while continued resistance could result in consolidation. Emerging-market currencies are vulnerable during geopolitical shocks because they often depend on foreign capital inflows and commodity exports. Mexico also faces potential trade and energy-price disruptions because it is a major U.S. trading partner. Higher oil prices could support Mexico as an oil exporter, but risk aversion is expected to outweigh that benefit in the short term. Traders are watching diplomatic developments, further military action, U.S. inflation data and Federal Reserve policy signals. The Peso's resilience near 17.00 suggests markets are pricing in a contained conflict, although escalation could produce a sharper move.