• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Mexican peso awaits Fed and Banxico decisions with the dollar at 18.63 pesos

FinanceInternationalXTB.com35 s readAI summary
Image: XTB.com

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.
Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

    Keep reading