# USD/MXN remains in range, looking at 20.10 as market sentiment deteriorates — Octa

> The Octa analysis on September 15, 2022 says USD/MXN is trading near 20.07, its highest intraday level, as the US dollar strengthened broadly and Wall Street turned bearish. The pair has moved between 19.80 and 20.20 since mid-August. The article notes the Fed is expected to raise rates by 75 basis points and Banxico is expected to follow on September 29.

- Date: 2022-09-15 · published 2022-09-15T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/39789-usd-mxn-remains-in-range-looking-at-20-10-as-market-sentiment-deteriorates-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar against the peso raises the cost of Mexican feed and meat imports priced in dollars and can slightly weigh on US commodity demand expectations, a modest bearish pressure on feed prices.

## Read by commodity

- DXY: bullish ▲
- USDMXN: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-19 | [EUR/USD Loses Ground as Market Sentiment Favours the US Dollar \| Investing.com](https://feedsoft.ai/events/11516-eur-usd-loses-ground-as-market-sentiment-favours-the-us-dollar-investing-com.md) | +0.4% | +0.1% |
| DXY | 2019-07-31 | [USD/MXN rebounds sharply from weekly lows toward 19.20 after Fed cut rates — Octa](https://feedsoft.ai/events/58324-usd-mxn-rebounds-sharply-from-weekly-lows-toward-19-20-after-fed-cut-rates-octa.md) | +0.9% | +1.8% |
| DXY | 2022-06-27 | [Black market USD exchange rate remains stable, banks offer slight discounts.](https://feedsoft.ai/events/41258-black-market-usd-exchange-rate-remains-stable-banks-offer-slight-discounts.md) | +0.8% | +1.6% |
| DXY | 2025-06-19 | [On the macro front, the US Fed maintained interest rates unchanged as - Shanghai Metals Market (SMM)](https://feedsoft.ai/events/24114-on-the-macro-front-the-us-fed-maintained-interest-rates-unchanged-as-shanghai.md) | -0.9% | -0.3% |
| DXY | 2022-06-13 | [USD/MXN jumps to 20.50 as Wall Street plunges — Octa](https://feedsoft.ai/events/41166-usd-mxn-jumps-to-20-50-as-wall-street-plunges-octa.md) | +1.0% | +2.9% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/995967/

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