# Mexican Peso advances amid positive trade data, soft US inflation figures — Octa

> The Mexican peso rose for a third straight day against the dollar, trading near 17.17, after Mexico posted a larger-than-expected December trade surplus. US core PCE inflation also fell below 3%, raising expectations of a Fed rate cut in May.

- Date: 2024-01-26 · published 2024-01-26T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/32328-mexican-peso-advances-amid-positive-trade-data-soft-us-inflation-figures-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A firmer peso lowers the cost of dollar-priced grain and meal imports for Mexican feed mills. Expectations of Fed easing weigh on the dollar more broadly.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1085946/

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