# Mexican Peso loses a step against the US Dollar as inflation climbs in Mexico — Octa

> The Mexican peso dipped modestly against the dollar on December 7 at about 17.32 after Mexico's November CPI rose to 4.32% year on year, slightly below forecast. Core inflation slowed to 5.30%, and the dollar index traded near 103.81.

- Date: 2023-12-07 · published 2023-12-07T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/32935-mexican-peso-loses-a-step-against-the-us-dollar-as-inflation-climbs-in-mexico
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Sticky inflation may keep Banxico rates high for longer, supporting the peso, which matters for the dollar cost of Mexican feed imports.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1079525/

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