# Mexican peso strength noteworthy among emerging markets during Fed tightening - Dallasfed.org

> A Dallas Fed analysis finds the Mexican peso has appreciated about 20% against the dollar since the Fed's tightening cycle began in March 2022, outperforming other emerging-market currencies. The authors attribute this to interest rate differentials, investor positioning and macro fundamentals.

- Date: 2023-09-26 · published 2023-09-26T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/34342-mexican-peso-strength-noteworthy-among-emerging-markets-during-fed-tightening
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

The peso's sustained strength lowers the local-currency cost of US feed grain and meal imports for Mexico, but this is background analysis with no new policy or price shock.

## Read by commodity

- USDMXN: neutral

## Sources

- dallasfed.org: https://www.dallasfed.org/research/economics/2023/0926

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