# Mexican Peso strengthens, focus on Mexico’s GDP and upcoming Fed decision

> The Mexican peso gained over 0.7% against the dollar as the greenback weakened following Japanese authorities' currency intervention. Traders were focused on Mexico's upcoming GDP release and the Federal Reserve's policy decision due Wednesday.

- Date: 2024-04-29 · published 2024-04-29T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/30948-mexican-peso-strengthens-focus-on-mexico-s-gdp-and-upcoming-fed-decision
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Currency swings alter the cost of US feed exports to Mexico, Latin America's largest feed importer. A softer dollar is mildly supportive for dollar-priced grains and meal.

## Read by commodity

- DXY: bearish ▼
- USDMXN: bearish ▼

## Sources

- fxstreet.com: https://www.fxstreet.com/news/mexican-peso-climbs-as-us-dollar-gets-battered-eyes-on-upcoming-gdp-figures-202404291729

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