Mexican peso awaits Fed and Banxico decisions with the dollar at 18.63 pesos
The dollar trades at 18.63 pesos, up 0.43% from Monday's close, after the peso posted seven consecutive weekly losses totaling about 10.5% between September 4 and October 23. The Fed will announce its rate decision on Wednesday, October 28, and Banxico on Thursday, November 5. Futures assign about a 90% probability that the Fed will hold rates, while three of the five Banxico board members are open to evaluating a cut.
In 35 seconds
- The dollar trades at 18.63 pesos, up 0.43% from Monday's close.
- The peso accumulated seven consecutive weekly losses totaling about 10.5% between September 4 and October 23.
- Futures give about a 90% probability that the Fed holds rates on October 28 and more than 75% to a hike in December.
IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.




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