# Peso Breaks Eight-Week Losing Run After Banxico Rate Cut

> 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.

- Date: 2026-11-09 · published 2026-11-09T09:10:36.423Z
- Category: macro · region Mexico and United States · magnitude low
- Page: https://feedsoft.ai/events/89160-peso-breaks-eight-week-losing-run-after-banxico-rate-cut
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

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.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- particle.news: https://particle.news/story/peso-breaks-eight-week-losing-run-after-banxico-rate-cut
- particle.news: https://particle.news/story/peso-pauses-eightweek-slide-after-banxico-cuts-rate

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