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Analysts surveyed by Banxico kept the policy rate forecast at 6.50% but raised their year-end 2026 USD/MXN forecast to 18.39 from 17.50. Spot USD/MXN closed at 18.8385 on November 3, above that new median ahead of the central bank's November 5 decision.
A spot rate well above consensus signals a weaker peso expectation, raising the peso cost of imported feed inputs for Mexican buyers.
finanmercado.mxSaúl SotoNov 4, 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.
