# Is the party over? Mexico's peso could lose solid gains in 2023

> Mexico's peso is ending 2022 with one of its strongest performances in a decade. Analysts warn the gains could be wiped out in 2023 as the Bank of Mexico's rate hiking cycle ends and the United States may enter recession.

- Date: 2022-12-29 · published 2022-12-29T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/38443-is-the-party-over-mexico-s-peso-could-lose-solid-gains-in-2023
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker peso would make Mexican feed and grain imports cheaper in pesos but dollar-priced commodities relatively costlier for Mexican buyers, while a stronger dollar tends to pressure US-priced grain and meal demand from Mexico.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/is-party-over-mexicos-peso-could-lose-solid-gains-2023-2022-12-29/

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