# USD/MXN ascends amidst US soft PCE data, Mexican job losses — Octa

> USD/MXN held near 17.12 as softer-than-expected US PCE inflation weakened the dollar, offsetting a deterioration in Mexican jobs data. Mexico's unemployment rate stayed at 3%, and US core PCE slowed from 4.7% to 4.6% year-on-year.

- Date: 2023-06-30 · published 2023-06-30T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/35719-usd-mxn-ascends-amidst-us-soft-pce-data-mexican-job-losses-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Currency moves like this shift the cost of imported feed inputs for Mexican buyers only slightly, since the pair was flat on the day. The story signals no clear change in the price outlook.

## Read by commodity

- USDMXN: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1050833/

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