{
  "id": 11014351,
  "title": "Mexican Peso pain deepens above 18.00 as carry appeal fades",
  "url": "https://urgent.news/2026/09/30/mexican-peso-pain-deepens-above-18-00-as-carry-appeal-fades",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T19:19:34.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/mexican-peso-pain-deepens-above-1800-as-carry-appeal-fades-202609301919"
  },
  "original_language": "en",
  "account": "The Mexican Peso (MXN) is experiencing increased losses, trading above the psychological level of 18.00 against the US Dollar (USD) as the carry trade loses its appeal. The widening interest rate differential between Mexico and the US is the primary reason for the Mexican currency's decline, as Mexico's Bank of Mexico kept rates steady while the US Federal Reserve raised rates. This 2.50% interest-rate gap has led to the Peso's depreciation, which has already lost nearly 1% of its value this year and 6.25% in September. The US Fed's preferred inflation measure, the Core PCE Price Index, remained stable at 3% in August, below the 3.3% forecast. Meanwhile, US economic data showed that private companies added an unexpected 90K jobs, reinforcing expectations that the Federal Reserve may keep interest rates steady at their October meeting. The Mexican Peso is the most traded currency among its Latin American counterparts and is influenced by factors such as the Mexican economy's performance, central bank policies, foreign investment, remittances, and geopolitical trends. Mexico is a significant oil exporter, and oil prices also impact the Mexican Peso. The Bank of Mexico aims to keep inflation at a low and stable rate, setting interest rates accordingly to achieve this goal.",
  "summary": "The Mexican Peso (MXN) prolongs its agony, extending losses by over 0.11% against the Greenback for the third straight day on Wednesday, while USD/MXN continues to trade above the psychological level of 18.00 as the carry trade loses its appeal.",
  "key_points": [
    "Mexican Peso trades above 18.00 against USD",
    "Interest rate differential widens between Mexico and US",
    "US Fed keeps rates steady, Mexican Peso depreciates"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}