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The Mexican Peso edged higher on September 27 after Banxico cut its policy rate by 25 basis points to 10.50% as widely expected. The central bank also lowered its headline and core inflation forecasts, which suggested further rate cuts could follow.
Expectations of further Banxico easing point to a weaker peso over time, which would raise the peso cost of dollar-priced feed imports into Mexico.
fxstreet.comJoaquin MonfortSep 27, 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.
