# The peso is set to halt an eight-week losing streak

> 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.

- Date: 2026-11-06 · published 2026-11-06T15:10:31.249Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/84145-the-peso-is-set-to-halt-an-eight-week-losing-streak
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

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.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- forbes.com.mx: https://forbes.com.mx/el-peso-se-perfila-a-frenar-racha-de-ocho-semanas-de-perdidas/

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