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The Mexican peso has given back all of its 2026 gains after trading above 18 per dollar on September 29, reversing from a two-year high of 16.8520 in early September. Analysts attribute the decline mainly to profit-taking rather than sustained capital outflows.
The Fed's rate increase and the Bank of Mexico's unchanged rate narrowed the interest-rate gap.
The peso's reversal raises import costs for Mexican feed buyers priced in dollars, while analysts expect local bond yields to limit further losses. Grain and feed price direction is not directly affected.
investing.comSep 29, 2026Not enough comparable past events yet for a historical read.
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.
