# Banxico reaches its decision with tension: USD/MXN exceeds new consensus

> 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.

- Date: 2026-11-04 · published 2026-11-05T06:08:05.691Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/81156-banxico-reaches-its-decision-with-tension-usd-mxn-exceeds-new-consensus
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A spot rate well above consensus signals a weaker peso expectation, raising the peso cost of imported feed inputs for Mexican buyers.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- finanmercado.mx: https://finanmercado.mx/economia/banxico-usd-mxn-rebasa-consenso/

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