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The Mexican peso weakened for a third day on March 28, with USD/MXN near 20.43 after Banxico cut rates by 50 bps to 9% and signaled further easing. Core PCE inflation ticked up and Mexico's president said talks with the US aim to protect jobs.
Dovish Banxico policy and trade tensions pressure the peso, which affects the cost of Mexican imports of US feed grains and meal and the competitiveness of Mexican livestock exports.
fxstreet.comChristian Borjon ValenciaMar 28, 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.
