# Mexican peso weakens as next president vows to forge ahead with 20 reforms - and adds a couple more | AP News

> The peso fell about 1% on June 11 to 18.49 per dollar and has dropped about 11% since late May. Mexican stocks remain about 4% below pre-election levels, and inflation remains persistently high.

- Date: 2024-06-11 · published 2024-06-11T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/29998-mexican-peso-weakens-as-next-president-vows-to-forge-ahead-with-20-reforms-and
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A sustained drop in the peso raises the peso cost of US feed grains and meal, which can reduce Mexican import demand and pressure US export prices.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- apnews.com: https://apnews.com/article/mexico-peso-devaluation-markets-president-reforms-6acb33b839d398848fafc8dc309abdba

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