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Commerzbank says the Mexican peso has gained about 13% against the dollar this year despite conflicts with the US government. Markets already expect Banxico to cut by 25 bp to 7.5% and then two more cuts over six months.
The bank argues the peso is well supported and that the dovish outcome is largely priced in.
Persistent peso strength keeps dollar-denominated feed and ingredient imports cheaper for Mexican buyers, though weak growth and expected rate cuts could eventually reverse that support.
fxstreet.comFXStreet Insights TeamSep 25, 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.
