# USD/MXN climbs amid soft Mexican GDP, mixed US economic data — Octa

> USD/MXN rose after Mexico's Q2 GDP growth came in at 0.8% QoQ, below the 1% forecast. US job openings also fell sharply, while Banxico held its rate at 11.25%.

- Date: 2023-08-29 · published 2023-08-29T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/34798-usd-mxn-climbs-amid-soft-mexican-gdp-mixed-us-economic-data-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Weaker Mexican growth may dampen feed demand from the livestock sector over time, while the peso move modestly raises dollar-denominated import costs.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1062198/

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