# Mexican Peso sprints ahead on US Fed officials' dovish comments: Analytics and Market news from 10 October 2023 15:53

> The Mexican peso rallied for a third day and broke below 18.00 per dollar as US Fed officials signaled they may not need further rate hikes and US Treasury yields fell. Mexican inflation is decelerating toward Banxico's target, though the central bank is expected to keep rates high.

- Date: 2023-10-10 · published 2023-10-10T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/33838-mexican-peso-sprints-ahead-on-us-fed-officials-dovish-comments-analytics-and
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger peso lowers the local cost of US feed grain and meal imports for Mexican buyers, a modest supportive factor for demand at the margin.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3908613

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