# Mexican peso to stay strong despite end of central bank tightening cycle, analysts say | Reuters

> The Mexican peso traded near 17.40 per dollar, its strongest in seven years, and analysts expect further gains even though Banxico halted its nearly two-year rate-hike cycle. Analysts cite a still-attractive rate differential favoring the peso.

- Date: 2023-05-19 · published 2023-05-19T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/36159-mexican-peso-to-stay-strong-despite-end-of-central-bank-tightening-cycle
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A strong peso lowers the local-currency cost of imported feed ingredients priced in dollars, easing Mexican feed buyers' costs and reducing pressure on import-dependent margins.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/mexican-peso-stay-strong-despite-end-cenbank-tightening-cycle-analysts-2023-05-19/

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