# Peso Depreciates After Banxico Benchmark Rate Cut

> The Mexican peso weakened after the Bank of Mexico cut its benchmark interest rate, while risk aversion in U.S. equity markets also weighed on the currency. The dollar rose, erasing much of the peso’s gains from Wednesday.

- Date: 2026-11-05 · published 2026-11-06T12:09:41.434Z
- Category: macro · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/83830-peso-depreciates-after-banxico-benchmark-rate-cut
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A lower Mexican policy rate can reduce the peso’s yield advantage and encourage dollar demand, raising the peso-per-dollar exchange rate.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- reforma.com: https://www.reforma.com/se-deprecia-peso-ante-recorte-tasa-referencia-de-banxico/ar3309172

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