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The Mexican peso appreciated about 0.59% against the dollar to around 20.29 after President Sheinbaum and President-elect Trump held a call. Banxico minutes showed officials favoring continued rate cuts and possibly a larger cut in December.
A firmer peso eases the cost of dollar-denominated Mexican feed imports, while a possible Banxico cut could weigh on the currency later.
fxstreet.comChristian Borjon ValenciaNov 29, 2024Not 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.
