# USD/MXN: Mexican Peso Jumps to Strongest Since 2017 After Fed Decision - Bloomberg

> The Mexican peso gained as much as 0.8% to 17.8315 per dollar, its strongest since September, after the Federal Reserve dropped a line anticipating more rate hikes. The move lifted emerging-market assets, with a gauge of developing-nation currencies rising to a two-week high.

- Date: 2023-05-03 · published 2023-05-03T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/36166-usd-mxn-mexican-peso-jumps-to-strongest-since-2017-after-fed-decision-bloomberg
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger peso after the Fed signal lowers the peso cost of dollar-priced feed imports for Mexico, while the broader easing of dollar pressure supports emerging-market demand.

## Read by commodity

- DXY: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-07-30 | [CNY USD: Yuan Rises to Highest Since Early 2023 as Dollar Drops After Fed - Bloomberg](https://feedsoft.ai/events/18568-cny-usd-yuan-rises-to-highest-since-early-2023-as-dollar-drops-after-fed.md) | -1.2% | -1.9% |
| DXY | 2025-04-30 | [Mexican Peso Clocks Best Month Since 2021 on Dollar Weakness - Bloomberg](https://feedsoft.ai/events/25341-mexican-peso-clocks-best-month-since-2021-on-dollar-weakness-bloomberg.md) | -0.5% | -0.5% |
| DXY | 2023-12-22 | [Euro (EUR USD) Hits Strongest Since August as Dollar Eases on US Rate Bets - Bloomberg](https://feedsoft.ai/events/32927-euro-eur-usd-hits-strongest-since-august-as-dollar-eases-on-us-rate-bets.md) | -0.8% | +1.5% |
| DXY | 2026-01-23 | [Yen (JPY:USD) Jumps Most Since August as Risk of Intervention Ramps Up - Bloomberg](https://feedsoft.ai/events/21296-yen-jpy-usd-jumps-most-since-august-as-risk-of-intervention-ramps-up-bloomberg.md) | -1.5% | -1.0% |
| DXY | 2023-04-13 | [Euro Surges to Strongest in a Year as Fed-Cut Bets Batter Dollar - Bloomberg](https://feedsoft.ai/events/36584-euro-surges-to-strongest-in-a-year-as-fed-cut-bets-batter-dollar-bloomberg.md) | +0.3% | -0.4% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2023-05-03/mexican-peso-jumps-to-strongest-since-2017-after-fed-decision

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