# The peso takes October inflation data in stride: How is the exchange rate reacting?

> Mexico’s annual inflation rose to 3.76% in October from 3.45% in September, above expectations. The peso nevertheless appreciated 0.15% against the dollar to 18.58 per dollar as markets assessed the inflation data and last week’s Banxico rate cut to 6.25%.

- Date: 2026-11-09 · published 2026-11-09T18:09:05.953Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/89875-the-peso-takes-october-inflation-data-in-stride-how-is-the-exchange-rate
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

The higher inflation reading could constrain further rate cuts, supporting the peso’s yield appeal; the currency’s modest appreciation is bearish for USD/MXN. Currency moves can alter the local cost of imported feed and grain.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- elfinanciero.com.mx: https://www.elfinanciero.com.mx/mercados/2026/11/09/peso-dolar-tipo-de-cambio-precio-hoy-9-de-noviembre-de-2026/

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