# Mexican Peso: Risks with Banxico on hold – Rabobank

> Rabobank expects Banxico to keep its overnight rate at 6.50% at its November 5 meeting and through 2027, even as the Federal Reserve is seen hiking. A narrowing rate differential has already weakened the peso, with USD/MXN having climbed from below 17 toward 19 after the September meeting.

- Date: 2026-11-04 · published 2026-11-04T21:08:45.594Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/80469-mexican-peso-risks-with-banxico-on-hold-rabobank
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A widening gap versus Fed policy keeps pressure on the peso, and a stronger dollar-to-peso rate raises the cost of Mexican imports while a stronger peso would reduce demand for Mexican agricultural exports.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/news/mexican-peso-risks-with-banxico-on-hold-rabobank-202611041503

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