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The Mexican peso was up 0.20% at 18.7054 per dollar on Friday and was on course for a 0.35% weekly gain, potentially ending eight consecutive weeks of losses. It had weakened earlier in the week after Banxico unexpectedly cut its policy rate, while the US midterm election result initially supported risk assets.
The rate cut narrows Mexico’s yield advantage, reducing the appeal of peso carry trades and leaving the currency more exposed to external financial conditions. A weaker peso could raise import costs, though Friday’s recovery was a near-term counterweight.
forbes.com.mxForbes México StaffNov 6, 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.
