# USD/MXN: Likely to trade between 19.85 and 20.20 in the coming weeks – Rabobank — Octa

> Rabobank expects USD/MXN to trade between 19.85 and 20.20 in coming weeks before returning above 20.50 around mid-year. It says the peso, which has been the main LatAm underperformer this year, should catch up with regional currencies but gains may be limited. The Russia-Ukraine war adds risk of safe-haven flows.

- Date: 2022-03-31 · published 2022-03-31T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/42494-usd-mxn-likely-to-trade-between-19-85-and-20-20-in-the-coming-weeks-rabobank
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A firmer peso in the near term lowers dollar-denominated feed import costs for Mexico. Risk-off episodes could reverse this quickly, raising costs for Mexican feed buyers.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/962840/

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