Mexican Peso selloff deepens as Fed hawks drive USD/MXN toward 17.50

The Mexican Peso (MXN) extends its depreciation against the Greenback as the USD/MXN pair rallies over 1.25% amid speculation that the Federal Reserve (Fed) will raise rates again, with Fed officials leaning hawkish and underpinning the US Dollar (USD).

Gold impact rationale

Rising rate-hike or hawkish expectations increase gold's opportunity cost.

• Source: FXStreet news
• 2026-09-23
• rates

Topics: gold news, gold price impact, rates