# USD/MXN Price Analysis: A consolidation above 20.20 opens door to 20.45 — Octa

> The USD/MXN pair turned negative after hitting weekly highs near 20.26 on Thursday, as a recovery in market sentiment helped the Mexican peso during the American session. Emerging market currencies had been under pressure from a sharp decline in global stocks.

- Date: 2022-06-30 · published 2022-06-30T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/41164-usd-mxn-price-analysis-a-consolidation-above-20-20-opens-door-to-20-45-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker peso raises the local cost of imported feed ingredients for Mexican buyers, while the technical outlook points to a possible move toward 20.45 with minimal direct grain price impact.

## Read by commodity

- USDMXN: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/980875/

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