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The peso appreciated about 0.6% on Friday to 18.62 per dollar, ending an eight-week losing streak and gaining 0.8% over the week. U.S. jobs data that exceeded expectations and improved risk appetite supported the currency, while Banxico’s unexpected rate cut raised concerns about reduced carry-trade appeal.
Peso appreciation lowers the local-currency cost of dollar-priced feed and commodity imports, while the rate cut could weaken support for the currency if it narrows Mexico’s yield advantage.
nmas.com.mxRedacción N+Nov 7, 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.
