# Mexican peso strongest against US dollar since 2015. Here's why.

> The Mexican peso rallied to its strongest level against the US dollar since 2015, with USD/MXN nearing 17.00. Analysts attribute the move to wide interest-rate differentials, nearshoring investment and strong US employment data.

- Date: 2024-03-28 · published 2024-03-28T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/31418-mexican-peso-strongest-against-us-dollar-since-2015-here-s-why
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A strong peso lowers the peso cost of US feed grain and meal imports, which can modestly support Mexican demand for US product only if the currency holds.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- tastyfx.com: https://www.tastyfx.com/news/mexican-peso-strongest-against-us-dollar-since-2015--here-s-why--240327/

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