# Mexico's mighty peso hits 7-year record high against U.S. dollar | Reuters

> The Mexican peso rose 0.95% to 17.42 per dollar, its strongest level since May 2016. The currency has gained nearly 11% against the dollar over the past year.

- Date: 2023-05-15 · published 2023-05-15T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/36162-mexico-s-mighty-peso-hits-7-year-record-high-against-u-s-dollar-reuters
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger peso reduces the peso cost of dollar-priced feed ingredients such as corn and soymeal imports, supporting Mexican feed margins.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/mexicos-mighty-peso-hits-7-year-record-high-against-us-dollar-2023-05-15/

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