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USD/MXN edged down 0.23% to 18.5992 on Monday as Mexican inflation rose more than expected to 3.75% year over year in October. Crédit Agricole forecasts the exchange rate at 19.00 by end-2026 and 20.00 by end-2027, citing the reduced peso carry advantage after Banxico cut its policy rate to 6.25% and uncertainty over trade.
Lower Mexican interest rates and trade uncertainty may weaken the peso, raising the local-currency cost of imported feed and agricultural commodities. The firmer inflation reading may limit how far Banxico can cut rates, tempering that pressure.
exchangerates.org.ukDave TaylorNov 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.
