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Banco de México will announce its rate decision on November 5 with the reference rate at 6.50%, which the market expects to hold, though some analysts see a cut. The peso has lost ground for eight straight weeks, its longest losing streak since 2018, as the interest rate gap with the US narrows and local inflation rises.
A central bank cut would likely weaken the peso further and raise the local cost of dollar-priced feed imports, while a hold would leave the currency pressure in place.
Not 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.
