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The peso appreciated 0.33% to MXN 18.685 per dollar on Friday morning, recovering after the previous day’s unexpected 25-basis-point Banxico rate cut to 6.25%. Support came from the US midterm election result and stronger-than-expected US employment data, even as the broad dollar strengthened.
The cut narrows the interest-rate gap that has supported peso carry trades, potentially weakening demand for the currency and increasing its sensitivity to external conditions. Peso weakness would raise the local cost of imported feed and other dollar-priced goods.
cronista.comEstephanie SuárezNov 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.
