# Mexican Peso hit by carry trade unwind as USD/MXN reclaims 18.60

> The peso fell 0.6% to 18.68 per dollar on October 27 after rebounding from 18.54, as carry-trade positions unwound. Traders increased bets on a December Fed hike to 82%, and Mexico reported a September trade surplus of $1.07 billion.

- Date: 2026-10-27 · published 2026-10-27T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/17270-mexican-peso-hit-by-carry-trade-unwind-as-usd-mxn-reclaims-18-60
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Carry-trade unwinds and firmer US rate expectations strengthen the dollar, which tends to pressure US dollar-denominated grain and oilseed prices while raising the cost of imports for Mexican feed buyers.

## Read by commodity

- DXY: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-04-16 | [USD/MXN Price Analysis: Mexican peso drops as Fitch downgrades Mexico to BBB- — Octa](https://feedsoft.ai/events/53856-usd-mxn-price-analysis-mexican-peso-drops-as-fitch-downgrades-mexico-to-bbb-octa.md) | +0.7% | +0.4% |
| DXY | 2026-09-23 | [Mexican Peso selloff deepens as Fed hawks drive USD/MXN toward 17.50](https://feedsoft.ai/events/17688-mexican-peso-selloff-deepens-as-fed-hawks-drive-usd-mxn-toward-17-50.md) | +1.2% | +1.5% |
| DXY | 2023-10-09 | [Latam FX Talking: Carry trade unwind recommends caution \| ING THINK](https://feedsoft.ai/events/33831-latam-fx-talking-carry-trade-unwind-recommends-caution-ing-think.md) | -0.0% | -1.4% |
| DXY | 2020-11-11 | [Brazil's real, Mexican peso hit by tepid economic data \| Financial Post](https://feedsoft.ai/events/50377-brazil-s-real-mexican-peso-hit-by-tepid-economic-data-financial-post.md) | -0.5% | -1.7% |
| DXY | 2024-04-30 | [Mexican Peso slumps as US ECI costs rose, bolstering the US Dollar](https://feedsoft.ai/events/30947-mexican-peso-slumps-as-us-eci-costs-rose-bolstering-the-us-dollar.md) | -0.5% | -0.9% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/mexican-peso-hit-by-carry-trade-unwind-as-usd-mxn-reclaims-1860-202610272006

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.