# USD/MXN should be trading back at 19.00 sooner rather than later – ING — Octa

> ING expects the USD/MXN pair to return to around 19.00 soon after recent peso underperformance. Banxico raised its policy rate by 50 basis points to 10.50% and signaled another 50 basis point hike in February.

- Date: 2022-12-16 · published 2022-12-16T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/38445-usd-mxn-should-be-trading-back-at-19-00-sooner-rather-than-later-ing-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A firmer peso lowers the local-currency cost of dollar-priced US feed grains and meal for Mexican buyers, while high Mexican rates support the currency and reduce the pressure on import costs.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1014305/

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