# ECB Crosses Show Peso Strengthening Against Dollar While Turkish Lira Barely Moves

> ECB reference rates for November 2 implied USD/MXN fell about 0.99% from October 30, while USD/TRY rose only 0.04%. EUR/MXN fell 0.603% to 20.9963 and EUR/TRY rose 0.435% to 56.0442, with EUR/USD moving from 1.1172 to 1.1216. The article notes the USD crosses are calculated from central-bank references rather than traded spot quotes.

- Date: 2026-11-02 · published 2026-11-03T03:08:30.379Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/76881-ecb-crosses-show-peso-strengthening-against-dollar-while-turkish-lira-barely
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Turkish Lira (TRY per USD)](https://feedsoft.ai/c/USDTRY.md)

## Why it matters

Currency moves in Mexico and Turkey affect the local-currency cost of feed imports and buyer purchasing power in those markets. The changes are modest and reflect calculated cross rates, so the price impact for feed commodities is minimal.

## Read by commodity

- USDMXN: bearish ▼
- USDTRY: neutral

## Sources

- fxnews.ai: https://fxnews.ai/news/eur-mxn-ebc-november-fixing-implies-stronger-peso-20261102/

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