# USD/MXN stumbles further amidst strong Mexican Peso, Fed Rate cut bets cool off — Octa

> USD/MXN fell toward 17.13 after Banxico held its policy rate at 11.25%, its second pause in a row. Mexican economic activity beat estimates, and markets trimmed bets on Fed rate cuts.

- Date: 2023-06-26 · published 2023-06-26T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/35720-usd-mxn-stumbles-further-amidst-strong-mexican-peso-fed-rate-cut-bets-cool-off
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A firmer peso lowers the peso cost of dollar-priced imports such as feed ingredients and grain for Mexican buyers. The move is incremental and driven by rates and data rather than by any change in supply.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1049647/

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