# Mexican Peso Seen Breaking the 18-to-US-Dollar Barrier This Week

> Banorte analysts expect the Mexican peso to strengthen toward 17.85 per dollar this week, after trading above 18 on Monday. Mexico's March inflation data and speculation about a possible May rate hike by the central bank are the key events to watch.

- Date: 2023-04-03 · published 2023-04-03T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/36614-mexican-peso-seen-breaking-the-18-to-us-dollar-barrier-this-week
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger peso lowers the peso cost of US feed and grain imports for Mexican buyers, while the rate-hike debate reflects tight monetary conditions that weigh on Mexican livestock and feed demand.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- bloomberglinea.com: https://www.bloomberglinea.com/english/mexican-peso-seen-breaking-the-18-to-us-dollar-barrier-this-week/

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