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The Mexican peso weakened to 17.5 per USD at the end of April, its lowest in three weeks, as geopolitical tensions boosted demand for hard currencies. Trump's signal that the blockade of Iranian tankers would remain in place dimmed hopes of a deal to end the conflict.
Mexico's annual inflation eased to 4.53% in early April, which raised expectations of a more dovish Banxico.
A weaker peso raises the peso cost of Mexican imports and shifts currency flows that can affect Mexican feed and meat demand. Dovish Banxico expectations add pressure on the peso.
tradingview.comApr 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.
