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The Mexican peso strengthened for a second straight session, trading at about 18.585 per dollar before the Banco de Mexico policy decision. Analysts expect the bank to hold its benchmark rate at 6.50%, as activity is running above forecasts and inflation sits in the upper part of the target range.
Risk appetite improved after the Democratic sweep in the US midterm elections.
A firmer peso lowers the local-currency cost of dollar-priced feed imports for Mexico, a major buyer of US corn and soymeal. The move is modest, so the effect on feed prices is small.
lanacion.com.arReutersNov 5, 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.
