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The peso strengthened past 18.38 per US dollar, approaching its strongest level since July 2024, after Banxico's expected 25 bp cut to 7.50% was widely priced in. A softer US dollar and carry flows also supported the currency.
The article notes that a new 15% US tariff under Section 122 has added a headwind to Mexican exports.
A stronger peso reduces import costs for Mexican feed buyers, but tariff pressure on Mexico's export-heavy economy could weigh on demand and currency direction later.
tradingeconomics.comFelipe AlarconSep 29, 2025Not 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.
