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The Mexican peso fell over 1% to about 18.86 per dollar as US Q3 GDP grew 3.4% and September core PCE inflation rose to 3.1%. Money markets lowered the odds of a Fed hike to 76% after the Fed held rates unchanged.
A weaker peso lowers the cost of Mexican-denominated feed inputs in dollar terms only indirectly, but it signals firmer US rates and a stronger dollar that typically pressure dollar-priced grain and meal futures.
fxstreet.comChristian Borjon ValenciaOct 29, 2026Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
