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The Mexican peso recovered on Friday after Banxico cut its policy rate by 25 basis points to 6.25%, ending an eight-week slide with a small weekly gain. Stronger-than-expected U.S. payrolls—about 165,000 jobs, with unemployment at 4.1%—boosted expectations of a possible December Fed rate hike and supported the dollar.
A narrower Mexico–U.S. rate gap and stronger dollar expectations can weaken the peso by reducing carry returns and increasing demand for dollars. That creates upward pressure on USD/MXN despite the peso’s brief rebound.
particle.newsNov 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.
