# Mexico's 'super peso' keeps gaining, but exports will likely suffer | Reuters

> The Mexican peso has strengthened to about 17 per US dollar from 19.50 in December, supported by capital inflows drawn to high Mexican interest rates. Analyst Guillermo Mateos warns that a prolonged appreciation could make Mexican exports more expensive and slow them, and exports fell 2.9% year-on-year in April.

- Date: 2023-06-22 · published 2023-06-22T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/35718-mexico-s-super-peso-keeps-gaining-but-exports-will-likely-suffer-reuters
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger peso raises the cost of Mexican exports, which can weigh on demand for imported feed ingredients and make Mexican buyers' purchases less competitive. The effect on grain and feed prices is indirect and modest.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/mexicos-super-peso-keeps-gaining-exports-will-likely-suffer-2023-06-22/

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