# The Mexican ‘superpeso’ is over: Currency’s losses deepen to 18 pesos per dollar, its weakest level since last March | Economy and Business | EL PAÍS English

> The Mexican peso fell to 18 per dollar on September 29, its weakest level since March, before closing at 17.95 per Bank of Mexico data, a 1.8% depreciation. The Federal Reserve's first hike since July 2023 strengthened the dollar while Banxico held at 6.5%, narrowing the rate gap and reducing carry-trade appeal. Geopolitical uncertainty in the Middle East added pressure.

- Date: 2026-09-29 · published 2026-09-29T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/17684-the-mexican-superpeso-is-over-currency-s-losses-deepen-to-18-pesos-per-dollar
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker peso raises the peso cost of imported feed ingredients for Mexican buyers, so local feed costs rise even if dollar-denominated prices are unchanged. The move reflects rate and dollar drivers rather than a change in grain supply.

## Read by commodity

- DXY: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-09-27 | [Dollar Dominance② The Dollar's Strength Lies in Enduring the Current Account Deficit... Sensitive to Economic Slumps in Korea, China, and Japan Currencies - The Asia Business Daily](https://feedsoft.ai/events/34362-dollar-dominance-2-the-dollar-s-strength-lies-in-enduring-the-current-account.md) | +1.1% | +1.1% |
| DXY | 2023-01-20 | [Dollar surges against the yen as nerves fray over economic outlook - Markets - Business Recorder](https://feedsoft.ai/events/38010-dollar-surges-against-the-yen-as-nerves-fray-over-economic-outlook-markets.md) | -0.5% | +0.7% |
| DXY | 2021-01-11 | [China's yuan eases to 1-week low to reflect dollar rebound - Markets - Business Recorder](https://feedsoft.ai/events/49365-china-s-yuan-eases-to-1-week-low-to-reflect-dollar-rebound-markets-business.md) | +0.2% | +0.4% |
| DXY | 2017-10-26 | [China's yuan weakens on US dollar strength, set for 2nd weekly loss - The Business Times](https://feedsoft.ai/events/68677-china-s-yuan-weakens-on-us-dollar-strength-set-for-2nd-weekly-loss-the-business.md) | +0.4% | -1.2% |
| DXY | 2023-09-26 | [Thai baht leads Asian currencies lower, pressured by dollar - Markets - Business Recorder](https://feedsoft.ai/events/34379-thai-baht-leads-asian-currencies-lower-pressured-by-dollar-markets-business.md) | +0.8% | +1.3% |

## Sources

- english.elpais.com: https://english.elpais.com/economy-and-business/2026-09-29/the-mexican-superpeso-is-over-currencys-losses-deepen-to-18-pesos-per-dollar-its-weakest-level-since-last-march.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.