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The Mexican peso closed October with a 4.0% depreciation against the dollar at 18.8037 per dollar, its second consecutive monthly decline. The Mexican stock exchange rose 8.67% over the same month.
Analysts linked the peso's weakness to unwinding of carry trades as markets priced in a Federal Reserve rate hike.
A weaker peso raises the peso cost of imported feed ingredients such as corn and soymeal for Mexican buyers. Expectations of Fed tightening also pressure emerging-market currencies broadly.
heraldodemexico.com.mxVeronica ReynoldNov 2, 2026Not 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.
