# Mexican Peso firms as Greenback gains fade following weaking US job data

> The Mexican peso strengthened against the US dollar on Thursday after weak US jobs data and renewed selling of the greenback. Banxico minutes highlighted economic uncertainty, and USD/MXN slipped back below 19.40. Traders also noted a court ruling against Trump's reciprocal tariffs and an appeal of that ruling.

- Date: 2025-05-29 · published 2025-05-29T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/24898-mexican-peso-firms-as-greenback-gains-fade-following-weaking-us-job-data
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A firmer peso lowers the peso cost of US feed and grain imports for Mexican buyers. The move mainly reflects dollar weakness and has little direct effect on commodity prices.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- fxstreet.com: https://www.fxstreet.com/news/mexican-peso-seesaws-as-us-dollar-bulls-return-ahead-of-the-release-of-banxico-minutes-202505291202

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