# Fast Slide of Mexico’s ‘Super Peso’ Highlights Test for Emerging Markets

> Mexico's peso has lost about 2.7% against the dollar since hitting a five-year high on March 3, as banking turmoil in the US and Europe prompted investors to unwind bets on the currency. The peso is still up about 9% over the past year.

- Date: 2023-03-26 · published 2023-03-26T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/37080-fast-slide-of-mexico-s-super-peso-highlights-test-for-emerging-markets
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker peso raises the local-currency cost of imported feed ingredients such as corn and soymeal for Mexican buyers. The move is driven by risk sentiment rather than agricultural supply.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- bloomberglinea.com: https://www.bloomberglinea.com/english/fast-slide-of-mexicos-super-peso-highlights-test-for-emerging-markets/

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