# Forex News

> The Mexican peso slipped against the dollar as February inflation rose as expected and supported further Banxico rate cuts. Mexico's Q4 GDP contracted 0.6% quarter on quarter, raising recession concerns.

- Date: 2025-02-24 · published 2025-02-24T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/26266-forex-news
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Recession risk and rate-cut divergence with the Fed weaken the peso and Mexican demand for imported feed, a mild bearish signal for US feed grain exports.

## Read by commodity

- CORN: neutral
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2017-02-21 | [Mexico announces forex hedge program, peso jumps 2%](https://feedsoft.ai/events/72713-mexico-announces-forex-hedge-program-peso-jumps-2.md) | -1.0% | -1.0% |
| CORN | 2019-09-20 | [China cuts new loan rate for second month but struggling economy likely needs more](https://feedsoft.ai/events/57291-china-cuts-new-loan-rate-for-second-month-but-struggling-economy-likely-needs.md) | +1.7% | +4.4% |
| CORN | 2018-05-14 | [Inflation forces building](https://feedsoft.ai/events/10235-inflation-forces-building.md) | +1.7% | -1.8% |
| CORN | 2025-08-15 | [2025 farm profit forecast: Negative, despite bigger government payments](https://feedsoft.ai/events/23305-2025-farm-profit-forecast-negative-despite-bigger-government-payments.md) | +2.6% | +5.0% |
| CORN | 2023-03-08 | [Ethanol exports up sharply on month - Brownfield Ag News](https://feedsoft.ai/events/36841-ethanol-exports-up-sharply-on-month-brownfield-ag-news.md) | -1.6% | -0.6% |

## Sources

- streamforex.org: https://www.streamforex.org/professionals/news/?id=af25fb5b-6492-4bba-99da-dc0917c1ddd3&page=98

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