# Peso weakens again after slight recovery against the US dollar

> The Mexican peso weakened again after a brief recovery, trading above 18 per dollar and reaching 18.30 on Wednesday. Analysts attributed the move to heightened risk aversion from Middle East tensions and a firmer dollar index.

- Date: 2023-10-18 · published 2023-10-18T12:00:00.000Z
- Category: geopolitics · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/33837-peso-weakens-again-after-slight-recovery-against-the-us-dollar
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker peso raises the local cost of imported US feed grains and meal for Mexican buyers, a mild negative for demand at the margin.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- mexiconewsdaily.com: https://mexiconewsdaily.com/business/peso-weakens-again-after-slight-recovery-against-the-us-dollar/

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