# Mexican Peso: Will the Peso Surge Due to Monetary Policy and a Seasonal Buy?

> Barchart's column says the Mexican peso gained 15% in 2023 and has since traded lower, roughly back to unchanged. It highlights a 5.75% short-rate spread favoring Mexico that draws carry-trade flows, and notes elections in Mexico in June and the US in November.

- Date: 2024-02-23 · published 2024-02-23T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/31894-mexican-peso-will-the-peso-surge-due-to-monetary-policy-and-a-seasonal-buy
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Carry-trade inflows and the election-driven volatility can move the peso, which in turn changes the cost of dollar-priced feed imports for Mexican buyers.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- barchart.com: https://www.barchart.com/story/news/24311405/mexican-peso-will-the-peso-surge-due-to-monetary-policy-and-a-seasonal-buy

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