Mexican peso caps worst month in a year; banks cut forecasts

The Mexican peso is closing its worst month in a year, with Société Générale, Morgan Stanley, and Banco Base lowering their exchange-rate forecasts after a 'nightmarish' September. The depreciation reflects persistent investor concerns, though the specific drivers (e.g., domestic policy, external shocks) are not detailed in the item. This signals sustained pressure on the peso and could influence capital flows and inflation expectations in Mexico.