🔴 MEXX is trading 5% down in pre-market amid peso weakness ahead of Banxico’s decision

MEXX is trading at $24.07 (-5.01%) in pre-market amid peso weakness and caution ahead of Banxico’s September 24 policy decision.

• USD/MXN rose toward 17.50 as hawkish Federal Reserve expectations supported the dollar.
• Broader risk-off sentiment is pressuring markets, with U.S. futures lower and investors focused on elevated Treasury yields.
• No clear MEXX-specific announcement or earnings catalyst was identified.