# USD/MXN: Analysts Say Mexico’s Peso Is Overvalued. Traders Don’t Care - Bloomberg

> The Mexican peso gained as much as 1.4% to its strongest level since 2015 after US inflation data raised hopes that the Federal Reserve would ease. Analysts argue the currency is overvalued, but traders continue to buy it. It remains one of the best performing Latin American currencies.

- Date: 2023-07-12 · published 2023-07-12T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/35267-usd-mxn-analysts-say-mexico-s-peso-is-overvalued-traders-don-t-care-bloomberg
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger peso lowers the local cost of dollar-denominated feed ingredients for Mexican buyers. The move reflects global risk sentiment and dollar weakness rather than a change in feed supply.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-07-12/analysts-say-mexico-s-peso-is-overvalued-traders-don-t-care-mxn

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