Superpeso Strength Pressures Mexican Exports; CCE Urges Banxico to Cut Rates

The Mexican peso has appreciated ~3% in three months, partly due to carry trade inflows, squeezing export competitiveness. The CCE (business council) is publicly urging Banxico to lower interest rates in response, signaling growing tension between monetary policy and the real economy. The peso's strength and rate-cut pressure could influence Banxico's next move, with implications for inflation and growth.