# Mexican peso rises as hot inflation data ramps up rate hike bets | Financial Post

> The Mexican peso rose 0.4% to 20.55 per dollar after INEGI reported first-half July inflation of 0.43%, above forecasts, and annual inflation of 8.16%. The data strengthened expectations of another 75 basis point rate hike by Banxico in August.

- Date: 2022-07-22 · published 2022-07-22T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/40698-mexican-peso-rises-as-hot-inflation-data-ramps-up-rate-hike-bets-financial-post
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Higher Mexican interest rates support the peso and tighten credit for Mexican livestock and feed buyers, which can slow feed demand and pressure US corn and meal export sales to Mexico.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/mexican-peso-rises-as-hot-inflation-data-ramps-up-rate-hike-bets

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