# USD/MXN reverses sharply from two-year lows, volatile times for the Mexican peso — Octa

> After touching its lowest level since March 2020 on Monday at 19.41, USD/MXN rebounded sharply and reached 19.73 on Tuesday. Analysts flagged rising volatility and a possible short-term consolidation in the 19.50 to 19.75 range.

- Date: 2022-05-31 · published 2022-05-31T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/41663-usd-mxn-reverses-sharply-from-two-year-lows-volatile-times-for-the-mexican-peso
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

The reversal signals that the peso's rally may be stalling, which would gradually raise the peso cost of US feed imports for Mexico. The effect on grain prices is limited because it is a technical currency move.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/974687/

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