# Mexican peso rallies after touching 3-year low as tariffs delayed

> The Mexican peso rose as much as 1.9% after earlier falling 2.9% to 21.2882 per dollar, its weakest level in nearly three years, as US tariffs on Mexican products were delayed. It closed the session up 1.7% at 20.33.

- Date: 2025-02-03 · published 2025-02-03T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/26261-mexican-peso-rallies-after-touching-3-year-low-as-tariffs-delayed
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Peso strength makes Mexican feed and grain imports cheaper in dollar terms, supporting Mexican buying demand for US corn, soybean meal and DDGS. Tariff uncertainty drives volatility in that currency.

## Read by commodity

- CORN: neutral
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-03-27 | [Mexican peso slides past 18 as Iran war pressures mount](https://feedsoft.ai/events/20378-mexican-peso-slides-past-18-as-iran-war-pressures-mount.md) | -2.9% | -1.9% |
| CORN | 2017-01-30 | [Mexico peso firms to year high on U.S. trade talk optimism](https://feedsoft.ai/events/73196-mexico-peso-firms-to-year-high-on-u-s-trade-talk-optimism.md) | +2.0% | +1.2% |
| CORN | 2017-02-22 | [‘Desperate measures’: analysts react to Mexico’s $20bn peso plan](https://feedsoft.ai/events/72714-desperate-measures-analysts-react-to-mexico-s-20bn-peso-plan.md) | -0.1% | -1.6% |
| CORN | 2024-09-27 | [Mexican Peso falls, weekly depreciation exceeds 1.30%](https://feedsoft.ai/events/28534-mexican-peso-falls-weekly-depreciation-exceeds-1-30.md) | +2.2% | +1.0% |
| CORN | 2017-05-22 | [Tight monetary policy to strengthen Mexican peso](https://feedsoft.ai/events/71217-tight-monetary-policy-to-strengthen-mexican-peso.md) | +1.0% | +2.3% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/mexican-peso-tumbles-near-three-year-low-after-tariff-blow-2025-02-03/

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