# Peso again loses ground to the US dollar

> The peso weakened to 17.47 per US dollar on September 26, after reaching a three-month high of 17.6 in early September. Analysts linked the move to a stronger US dollar index and Minneapolis Fed President Kashkari's comments that rates may need to rise further.

- Date: 2023-09-26 · published 2023-09-26T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/34344-peso-again-loses-ground-to-the-us-dollar
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A firmer dollar against the peso raises the cost of US feed ingredient imports for Mexico, though the move is a routine FX fluctuation.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- mexiconewsdaily.com: https://mexiconewsdaily.com/business/peso-again-loses-ground-to-the-us-dollar/

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