Loading…
The Mexican peso strengthened to close at 18.3435 per dollar as traders raised odds of a Fed rate cut at the December 10 meeting above 80%. The Dollar Index fell 0.24% to 99.57.
Banxico also cut its 2025 GDP growth forecast to 0.3%.
Currency moves of this size do not shift feed grain or protein prices directly, though a firmer peso can modestly affect Mexican feed import costs for corn and soymeal.
fxleaders.comIgnacio TesonNov 27, 2025Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, DXY moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
