# Mexico’s peso erases 2026 gains amid profit-taking By Investing.com

> 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.

- Date: 2026-09-29 · published 2026-09-29T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/17686-mexico-s-peso-erases-2026-gains-amid-profit-taking-by-investing-com
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

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.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- investing.com: https://www.investing.com/news/forex-news/mexicos-peso-erases-2026-gains-amid-profittaking-93CH-4923553

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