# USD/MXN: Mexican Peso bulls turn cautious around 16.70 ahead of Fed inflation — Octa

> USD/MXN hovered near 16.70 as traders weighed mixed Mexican Q2 GDP and fiscal data against softer US inflation and GDP prints. Markets awaited the US core PCE and nonfarm payrolls data.

- Date: 2023-08-31 · published 2023-08-31T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/34797-usd-mxn-mexican-peso-bulls-turn-cautious-around-16-70-ahead-of-fed-inflation
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Routine FX commentary with no new cause for feed price moves; peso direction only marginally affects Mexican import costs.

## Read by commodity

- USDMXN: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1062526/

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