Mexican peso falls despite rate hike, Fed action looms

Not enough comparable past events yet for a historical read.

Not enough comparable past events yet for a historical read.

After 301 past bullish macro events, Brazilian Real (BRL per USD) moved a median +0.4% over 5 sessions (57% higher; middle half -1.2% to +1.7%), and +1.0% over 20.

• Jan 19, 2023Mexican peso leads LatAm FX lower as recession fears grow - Financial Post-0.8%
• Jun 25, 2020Latam stocks fall on virus woes; Mexican peso weak before rate move - Markets - Business Recorder+0.9%
• Oct 30, 2024Latin American Currencies Dip As Mexican Peso Hits Two-Year Low - Finimize+0.8%
• Jun 28, 2022Chilean peso rallies off record lows, Mexican peso slumps 1% | Financial Post+3.5%
• Feb 25, 2021EMERGING MARKETS-Mexican peso leads losses as high bond yields ravage Latam assets+6.2%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

• Apr 24, 2024Mexican Peso falls despite higher inflation, diminishing hopes for Banxico cut+0.2%
• Aug 26, 2026Euro falls despite report signaling ECB rate hike+0.4%
• Oct 8, 2026Mexican Peso dives on solid US data despite rising inflation+0.3%
• Jan 24, 2022Oil falls 2% as Fed rate hike talk spooks risk markets+1.2%
• Sep 26, 2018Gold prices fall following Fed rate hike+0.2%