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The Mexican peso held firm after the Bank of Mexico cut its benchmark rate by 25 basis points to 7.5% on September 25, its fifth consecutive cut. USD/MXN fell about 0.8% over the two prior sessions, and the vote was split because inflation has been rising.
The bank signaled more caution at future meetings.
A firmer peso lowers the local-currency cost of US feed imports for Mexican buyers, while the rate-cut cycle and rising inflation signal that further easing may slow.
Not 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.