# Latam FX Talking: Will peso strength lead to early Banxico easing? | articles | ING THINK

> ING's Latam FX outlook says the Mexican peso remains in demand, supported by implied yields above 11%, and may allow Banxico to begin easing as early as February. The real is seen trading steadily as Brazil's central bank continues its orderly easing cycle.

- Date: 2024-01-15 · published 2024-01-15T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/32331-latam-fx-talking-will-peso-strength-lead-to-early-banxico-easing-articles-ing
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Peso strength reduces the local cost of imported feed ingredients for Mexican producers. Brazil's easing path affects the currency backdrop for Brazilian soy and corn exports.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- think.ing.com: https://think.ing.com/articles/latam-fx-talking-will-peso-strength-lead-to-early-banxico-easing/

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