# Nearshoring Seen Strengthening Mexico’s Economy and Currency

> Monex analysts expect the Mexican peso to stay stable and possibly rise toward 19 per dollar in 2023, helped by nearshoring investment as Chinese companies relocate to northern Mexico. They noted that investment plans have increased but have not yet materialized, and that high interest rates could make relocation more costly. Investment could begin in the second half of 2023.

- Date: 2022-11-16 · published 2022-11-16T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/38892-nearshoring-seen-strengthening-mexico-s-economy-and-currency
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Nearshoring-driven investment supports Mexico's economic growth and currency, which affects the purchasing power of Mexican feed buyers and the long-term demand for imported feed ingredients.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- bloomberglinea.com: https://www.bloomberglinea.com/english/nearshoring-seen-strengthening-mexicos-economy-and-currency/

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