# Mexican Peso stays strong with little prospect of official rate cuts

> A StoneX strategist's interview with Banxico deputy governor Irene Espinosa indicated that rate cuts look distant because the economy remains strong. Official rates have been held at 11.25% since March, and the peso is up about 15% against the dollar over the past year.

- Date: 2023-12-11 · published 2023-12-11T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/32936-mexican-peso-stays-strong-with-little-prospect-of-official-rate-cuts
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Higher-for-longer Mexican rates support the peso, making dollar-priced feed imports cheaper in local currency for Mexican buyers.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- forex.com: https://www.forex.com/en-us/news-and-analysis/mexico-short-dec-11/

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