# Mexican peso extends gains for a second session ahead of Banxico decision

> 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.

- Date: 2026-11-05 · published 2026-11-05T15:09:01.380Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/81931-mexican-peso-extends-gains-for-a-second-session-ahead-of-banxico-decision
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

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.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- lanacion.com.ar: https://www.lanacion.com.ar/agencias/peso-mexicano-avanza-por-segunda-sesion-en-antesala-decision-banxico-nid05112026/

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