# USD/MXN: Surprise in Mexican GDP release to the downside to pummel the peso – Commerzbank: Analytics and Market news from 29 квітня 2022 06:40

> Commerzbank says consensus expects Mexico's Q1 GDP to rise about 1% quarter-on-quarter, after stagnation in the prior quarter. Economists warn a downside surprise would reduce expectations for Banxico rate hikes and weigh on the peso. Inflation has risen above 7%, complicating the central bank's policy choices.

- Date: 2022-04-29 · published 2022-04-29T12:00:00.000Z
- Category: report · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/42059-usd-mxn-surprise-in-mexican-gdp-release-to-the-downside-to-pummel-the-peso
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Weak growth and possible rate-path changes move the peso, which affects Mexican buyers' import costs for feed ingredients; the impact on global grain prices is limited.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- teletrade.org: https://www.teletrade.org/uk/analytics/market-analysis/market-news/3750688

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