# USD/MXN rises to near 18.50; upside could be limited due to lower US yields — Octa

> USD/MXN rose toward 18.50 for a fifth straight session despite softer US Treasury yields and dovish Fed signals. Mid-month Mexican inflation data could keep Banxico from easing, limiting the peso's downside.

- Date: 2024-07-29 · published 2024-07-29T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/29521-usd-mxn-rises-to-near-18-50-upside-could-be-limited-due-to-lower-us-yields-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger dollar against the peso makes US feed imports dearer for Mexican buyers. Mexico's rate outlook will determine how much support the peso gets from domestic policy.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1109926/

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