# USDMXN falls to lowest since March 2020 after US inflation and ahead of Banxico — Octa

> The US dollar index fell about 1.8% after October US CPI rose 0.4% month-on-month, below the 0.6% consensus, with annual inflation easing to 7.7%. The peso rose from above 19.50 to 19.35 and was near 19.40 ahead of a Banxico decision expected to deliver a 75 basis point hike. Equities rallied sharply on the data.

- Date: 2022-11-10 · published 2022-11-10T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/38893-usdmxn-falls-to-lowest-since-march-2020-after-us-inflation-and-ahead-of-banxico
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A softer dollar and reduced Fed tightening pressure tend to support dollar-priced grains and oilseeds and strengthen emerging-market currencies that import feed ingredients.

## Read by commodity

- DXY: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-08-29 | [USD/CAD drops to near 1.3460 as US Dollar edges lower ahead of inflation test — Octa](https://feedsoft.ai/events/29036-usd-cad-drops-to-near-1-3460-as-us-dollar-edges-lower-ahead-of-inflation-test.md) | +0.5% | -0.7% |
| DXY | 2025-08-28 | [USD/JPY drifts lower ahead of Tokyo CPI and US PCE inflation report](https://feedsoft.ai/events/23563-usd-jpy-drifts-lower-ahead-of-tokyo-cpi-and-us-pce-inflation-report.md) | +0.0% | -0.2% |
| DXY | 2023-01-10 | [Dollar treads water near 7-month lows ahead of U.S. inflation data](https://feedsoft.ai/events/37697-dollar-treads-water-near-7-month-lows-ahead-of-u-s-inflation-data.md) | -0.8% | +0.2% |
| DXY | 2024-01-11 | [Sterling gains vs dollar ahead of US inflation data](https://feedsoft.ai/events/32373-sterling-gains-vs-dollar-ahead-of-us-inflation-data.md) | +0.9% | +1.1% |
| DXY | 2023-05-03 | [USD/MXN: Mexican Peso Jumps to Strongest Since 2017 After Fed Decision - Bloomberg](https://feedsoft.ai/events/36166-usd-mxn-mexican-peso-jumps-to-strongest-since-2017-after-fed-decision-bloomberg.md) | -0.7% | +1.1% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/1007298/

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