# USD/MXN: Continued Peso strength for the time being – Commerzbank — Octa

> Commerzbank analysts expect Banxico to keep a hawkish stance ahead of its next rate decision, citing the Fed's higher-for-longer outlook. They forecast continued peso strength for the time being.

- Date: 2023-09-22 · published 2023-09-22T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/34346-usd-mxn-continued-peso-strength-for-the-time-being-commerzbank-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A forecast of a stronger peso would lower Mexican feed import costs in dollar terms, but this is an analyst outlook rather than a new driver.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1067013/

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