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Banxico cut its policy rate by 25 basis points to 6.25% in a 3-2 vote, while the Federal Reserve had kept its rate unchanged at 3.75%-4.00% in late October. The narrower interest-rate differential coincided with peso depreciation, with the currency approaching 19 pesos per dollar.
A smaller yield advantage for Mexican assets can weaken demand for the peso and push USDMXN higher; the exchange rate may be more sensitive to future Fed decisions.
Not 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.