# Mexican Peso weakens further after Retail Sales data

> The Mexican peso weakened after weaker-than-expected September retail sales fell 1.5% year on year. It also fell after Congress passed reforms to autonomous bodies and geopolitical tensions rose.

- Date: 2024-11-21 · published 2024-11-21T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/27638-mexican-peso-weakens-further-after-retail-sales-data
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Weaker consumer demand could lead Banxico to cut rates faster, which tends to pressure the peso and raises the dollar cost of imports for Mexican feed buyers.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/news/mexican-peso-consolidates-ahead-of-retail-sales-data-202411210917

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