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USD/MXN has been capped below 19 pesos per dollar as the peso held firm during the week. Fed Governor Waller signalled support for a more dovish September decision, and tensions over Governor Lisa Cook's removal add to uncertainty about the Fed's path.
The pair is trading sideways while markets await Fed direction, so there is no clear directional driver for peso-denominated feed costs. Any dovish Fed shift could weaken the dollar and support the peso.
forex.comJulian Pineda CFA, CMTAug 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.
