# Mexican peso hits 7-1/2 year high vs dollar, further gains eyed By Reuters

> The Mexican peso reached its strongest level against the dollar since late 2015, trading at 16.63 per dollar on Friday. The move followed a slowdown in US inflation that strengthened the case for the Federal Reserve to end its rate hikes. Analysts expect further gains, with one forecasting 16.40.

- Date: 2023-07-28 · published 2023-07-28T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/35266-mexican-peso-hits-7-1-2-year-high-vs-dollar-further-gains-eyed-by-reuters
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker dollar and stronger peso cut the local-currency cost of US dollar-priced feed imports for Mexican buyers. The effect is a currency move rather than a change in grain supply or demand.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- investing.com: https://www.investing.com/news/economy/mexican-peso-hits-712-year-high-vs-dollar-3137898

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