empty
 
 

2026.02.0519:56:00UTC+00Mexican Peso Eases After Banxico

The Mexican peso weakened, exceeding 17.40 per US dollar, partly reversing its recent gains. This came as markets processed Banco de México's decision to maintain the policy rate at 7.00% and express caution regarding future rate cuts. The demand driven by interest rate differentials softened as Banxico recognized heightened inflation risks, adjusted its inflation forecast upward through 2026, and stressed a gradual approach. This bolstered expectations that real yield support would diminish slowly rather than remain robust. Although the central bank's pause constrained downside risks by dissuading anticipation of imminent rate cuts, the peso still faced external pressures. A stronger US dollar and higher US yields increased the opportunity cost associated with holding pesos. Domestically, modest economic growth despite a Q4 recovery and persistent trade uncertainties restricted gains, prompting profit taking after a strong appreciation in January.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In February we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback