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The Mexican peso weakened past 17.9 per US dollar after Banxico unexpectedly cut its rate 25bp to 6.75%, despite mid-March inflation at 4.63%. The dollar also strengthened on Middle East oil-supply risks and stagflation fears.
The article also cites a past 18.44 low from October.
Peso weakness raises the local-currency cost of imported feed ingredients for Mexican buyers. The oil-driven dollar strength adds to the cost pressure.
tradingeconomics.comFelipe AlarconMar 26, 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.
