# Banxico decides rates this week. What to expect for USD/MXN?

> 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.

- Date: 2026-11-02 · published 2026-11-02T21:11:14.253Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/75900-banxico-decides-rates-this-week-what-to-expect-for-usd-mxn
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

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.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- xtb.com: https://www.xtb.com/cl/analisis-y-noticias/analisis-de-mercado/banxico-decide-tasas-esta-semana-que-esperar-del-usd-mxn
- xtb.com: https://www.xtb.com/lat/analisis-y-noticias/analisis-de-mercado/banxico-decide-tasas-esta-semana-que-esperar-del-usd-mxn

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