# Mexican Peso dwindles on recession jitters, awaits Trump’s announcement

> The Mexican peso fell for a fourth straight day on March 31 as investors braced for US reciprocal tariffs due April 2. Banxico recently cut rates by 50 bps to 9% and JP Morgan expects Mexico to enter recession.

- Date: 2025-03-31 · published 2025-03-31T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/25796-mexican-peso-dwindles-on-recession-jitters-awaits-trump-s-announcement
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A weaker peso and recession risk in Mexico could cut its demand for US feed grains and meat, while tariff uncertainty weighs on risk appetite and dollar-denominated commodity trade.

## Read by commodity

- CORN: bearish ▼
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-01-11 | [Mexican peso hits fresh lows ahead of Trump conference](https://feedsoft.ai/events/73212-mexican-peso-hits-fresh-lows-ahead-of-trump-conference.md) | +0.0% | +1.3% |
| CORN | 2018-03-30 | [Trump continues to make the Mexican peso great again](https://feedsoft.ai/events/66218-trump-continues-to-make-the-mexican-peso-great-again.md) | +2.3% | +3.1% |
| CORN | 2016-11-14 | [Mexico central bank seen hiking after peso's Trump tumble](https://feedsoft.ai/events/74066-mexico-central-bank-seen-hiking-after-peso-s-trump-tumble.md) | -3.6% | -0.7% |
| CORN | 2016-11-17 | [Mexican peso briefly falls 1 percent vs. US dollar after central bank hikes rates](https://feedsoft.ai/events/74069-mexican-peso-briefly-falls-1-percent-vs-us-dollar-after-central-bank-hikes-rates.md) | +3.0% | +4.6% |
| CORN | 2024-08-05 | [Emerging Markets equities slump as US recession fears spark global selloff](https://feedsoft.ai/events/12017-emerging-markets-equities-slump-as-us-recession-fears-spark-global-selloff.md) | -1.7% | -1.5% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/mexican-peso-falters-as-tariff-fears-and-recession-concerns-weigh-202503311706

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