# USD/MXN continues to grind lower after Mexico CPI

> Mexico's CPI inflation stalled at 7.82% year on year in December, after peaking at 8.70% in August and September. Core CPI eased to 8.35%. USD/MXN fell toward 19.06, near late-November lows.

- Date: 2023-01-10 · published 2023-01-10T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/37996-usd-mxn-continues-to-grind-lower-after-mexico-cpi
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Persistent Mexican inflation and the prospect of further Banxico hikes support the peso, which lowers the peso cost of dollar-priced feed imports. A firmer peso reduces the import-cost pressure on Mexican feed buyers.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- forex.com: https://www.forex.com/en/news-and-analysis/usdmxn-continues-to-grind-lower-after-mexico-cpi/

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