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After Banxico cut its benchmark rate by 25 basis points to 6.25%, analysts warned that the peso could weaken further. A Banamex analyst projected the dollar at 18.70 pesos in December, with risks to the upside, citing a narrower Mexico–U.S. interest-rate differential.
A smaller rate gap reduces the peso’s carry-trade appeal and could lift USD/MXN. The forecast points to continued, though not necessarily abrupt, peso weakness.
excelsior.com.mxEréndira EspinosaNov 9, 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.
