# Mexican Peso Under Pressure: Dollar Could Rise to 18.70 Pesos in December

> 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.

- Date: 2026-11-09 · published 2026-11-09T09:10:36.258Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/89159-mexican-peso-under-pressure-dollar-could-rise-to-18-70-pesos-in-december
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

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.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- excelsior.com.mx: https://www.excelsior.com.mx/finanzas/peso-mexicano-bajo-presion-dolar-podria-subir-18-70-diciembre

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