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Financial markets expert David Razú Aznar said Banco de México is expected to hold its policy rate at its November 5 meeting. He cited a Citi survey of 37 specialists from October 20, in which 68% expected no change, and said the interest-rate gap with the United States has driven demand for the US dollar.
A held Mexican rate alongside a widening rate gap with the US keeps pressure on the peso, which raises the cost of dollar-priced feed imports for Mexican buyers.
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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.