# Mexican Peso Breaks Eight Consecutive Weeks of Losses

> 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.

- Date: 2026-11-07 · published 2026-11-07T03:11:18.937Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/85428-mexican-peso-breaks-eight-consecutive-weeks-of-losses
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

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.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- nmas.com.mx: https://www.nmas.com.mx/economia/peso-mexicano-rompe-racha-negativa-de-ocho-semanas-consecutivas-de-perdidas/

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