# MXN/USD: Mexico’s ‘Super Peso’ Shocks Traders Who Were Betting on Wipeout - Bloomberg

> The Mexican peso has held up strongly while nearly every other emerging-market currency weakened against the dollar this year. Analysts have started calling its resilience the "super peso," surprising traders who bet on a sharp fall.

- Date: 2022-07-26 · published 2022-07-26T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/40697-mxn-usd-mexico-s-super-peso-shocks-traders-who-were-betting-on-wipeout-bloomberg
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A firmer peso lowers the cost of Mexican-denominated imports and can weigh on Mexican feed-grain purchasing power only marginally; the effect on US corn and soymeal export prices is limited.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-07-26/mexico-s-super-peso-shocks-traders-who-were-betting-on-wipeout

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