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USD/MXN fell 1.17% to 18.56 after INEGI reported Mexico's Q3 2026 annual GDP growth of 3.2%, above the 2.5% forecast. Traders also cut bets on a December Fed hike to 77% after oil prices dropped on hopes for US-Iran talks, and the US ISM manufacturing PMI rose to 55.5.
Stronger Mexican growth and a softer dollar support the peso, lowering the local-currency cost of imported feed ingredients. Lower oil prices also ease freight and energy costs.
fxstreet.comChristian Borjon ValenciaNov 2, 2026
tmgm.comChristian Borjon ValenciaNov 2, 2026tmgm.comChristian Borjon ValenciaNov 2, 2026Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
