# USD/MXN: Peso at risk of falling if Banxico minutes lack arguments for accelerated hikes – Commerzbank: Analytics and Market news from 26 May 2022 06:46

> Commerzbank said the peso could weaken if the minutes of Banxico's May meeting lacked hawkish arguments for faster rate hikes. The bank noted that a large part of the expected tightening already appears priced in, which is reflected in the peso's strength.

- Date: 2022-05-26 · published 2022-05-26T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/41665-usd-mxn-peso-at-risk-of-falling-if-banxico-minutes-lack-arguments-for
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker peso would raise the local cost of US feed grains and meal for Mexican buyers. The impact on global grain prices is minor because the comment concerns currency expectations rather than supply or demand.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3758974

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