# Foreign capital returned to Mexico last year, bucking earlier outflows | Reuters

> Foreign capital returned to Mexico in 2022 after earlier outflows. Demand grew after Banxico accelerated interest rate hikes to fight inflation. The peso gained 5% against the U.S. dollar over the year.

- Date: 2023-01-11 · published 2023-01-11T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/37995-foreign-capital-returned-to-mexico-last-year-bucking-earlier-outflows-reuters
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger peso makes Mexican imports cheaper and Mexican-bound U.S. feed and grain exports relatively more expensive, which can soften Mexican demand at the margin.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/foreign-capital-returned-mexico-last-year-bucking-earlier-outflows-2023-01-11/

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