# Mexican Peso climbs on traders' optimism following Trump-Sheinbaum’s call

> 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.

- Date: 2024-11-29 · published 2024-11-29T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/27633-mexican-peso-climbs-on-traders-optimism-following-trump-sheinbaum-s-call
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A firmer peso eases the cost of dollar-denominated Mexican feed imports, while a possible Banxico cut could weigh on the currency later.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- fxstreet.com: https://www.fxstreet.com/news/mexican-peso-rises-on-trumps-softened-trade-stance-us-dollar-decline-202411291749

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.