# The Rise and Fall of Mexico’s Super Peso Explained

> The Mexican peso has lost about 2.7% against the dollar since reaching a five-year high on March 3, after a sharp reversal driven by weaker risk appetite following banking sector turbulence. Analysts say the outlook depends on US Federal Reserve policy and global economic shocks.

- Date: 2023-04-25 · published 2023-04-25T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/36615-the-rise-and-fall-of-mexico-s-super-peso-explained
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

The reversal in the peso raises the local-currency cost of US feed grain and meal imports for Mexican buyers, though the effect on US futures prices is modest.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- ilscompany.com: https://www.ilscompany.com/super-peso-mexico-currency/

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