Mexican peso falls 0.22% against the dollar after October inflation data
The Mexican peso depreciated 0.22%, equivalent to 4.20 centavos, and the exchange rate stood at 18.71 pesos per dollar, according to Banco de México data. The decline came amid greater global risk aversion due to geopolitical tensions in the Middle East and after October inflation came in higher than expected, reducing room for Banxico to cut its rate again, according to Gabriela Siller of Banco Base. At bank windows the dollar is quoted at 19.18 pesos.
In 35 seconds
- The exchange rate stood at 18.71 pesos per dollar, a depreciation of 0.22% or 4.20 centavos.
- October inflation in Mexico was higher than expected and reduces room for another Banxico rate cut.
- The move comes amid greater global risk aversion due to geopolitical tensions in the Middle East.
IASummary generated by artificial intelligence from a story by El Financiero. It may contain errors: the original source prevails.




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