# USD/MXN faces barricades around 18.70 as upside looks capped ahead of US Inflation — Octa

> USD/MXN was struggling to push above 18.70 after touching a weekly low of 18.63, as risk aversion rose on geopolitical tensions and traders awaited US inflation data. Markets expect the Fed to keep rates higher for longer, and Banxico is seen as a firm inflation fighter.

- Date: 2023-02-13 · published 2023-02-13T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/37566-usd-mxn-faces-barricades-around-18-70-as-upside-looks-capped-ahead-of-us
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Risk-off moves and a firmer dollar expectation can lift USD/MXN and raise the peso cost of imported feed for Mexican buyers. The effect is limited while Banxico's tightening keeps the peso supported.

## Read by commodity

- USDMXN: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1023621/

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