# Mexican Peso profits from US data turmoil

> The Mexican peso strengthened against the dollar on Friday after US core PCE inflation for March came in above expectations, while Mexico posted a seasonally adjusted trade deficit but a lower unemployment rate. Broad gains in US equities supported risk sentiment.

- Date: 2024-04-26 · published 2024-04-26T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/30952-mexican-peso-profits-from-us-data-turmoil
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Hot US inflation lifts expectations of higher-for-longer Fed rates, which supports the dollar, but the peso's gains offset this for Mexican buyers. The effect on feed commodity prices is limited.

## Read by commodity

- DXY: bullish ▲
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-10-08 | [Mexican Peso dives on solid US data despite rising inflation](https://feedsoft.ai/events/17274-mexican-peso-dives-on-solid-us-data-despite-rising-inflation.md) | +0.3% | — |
| DXY | 2020-11-11 | [Brazil's real, Mexican peso hit by tepid economic data \| Financial Post](https://feedsoft.ai/events/50377-brazil-s-real-mexican-peso-hit-by-tepid-economic-data-financial-post.md) | -0.5% | -1.7% |
| DXY | 2026-10-15 | [Mexican Peso strikes back as hot US PPI fails to lift Dollar](https://feedsoft.ai/events/17273-mexican-peso-strikes-back-as-hot-us-ppi-fails-to-lift-dollar.md) | -0.5% | — |
| DXY | 2020-04-16 | [USD/MXN Price Analysis: Mexican peso drops as Fitch downgrades Mexico to BBB- — Octa](https://feedsoft.ai/events/53856-usd-mxn-price-analysis-mexican-peso-drops-as-fitch-downgrades-mexico-to-bbb-octa.md) | +0.7% | +0.4% |
| DXY | 2024-04-30 | [Mexican Peso slumps as US ECI costs rose, bolstering the US Dollar](https://feedsoft.ai/events/30947-mexican-peso-slumps-as-us-eci-costs-rose-bolstering-the-us-dollar.md) | -0.5% | -0.9% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/mexican-peso-gains-ground-against-us-dollar-amid-mixed-us-data-202404262003

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