# USD/MXN jumps to 20.78 after US employment report: Analytics and Market news from 4 February 2022 16:10

> The Mexican peso weakened sharply after a stronger-than-expected US nonfarm payrolls report, pushing USD/MXN to 20.78 and erasing the week's gains. Analysts expected a Banxico rate decision the following week.

- Date: 2022-02-04 · published 2022-02-04T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/42905-usd-mxn-jumps-to-20-78-after-us-employment-report-analytics-and-market-news
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker peso raises the local-currency cost of imported feed grains and meal for Mexican buyers, while the firmer dollar is mildly bearish for dollar-priced commodities.

## Read by commodity

- DXY: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-01-27 | [USD/MXN at monthly highs above 20.70 as US dollar jumps: Analytics and Market news from 27 January 2022 15:43](https://feedsoft.ai/events/43349-usd-mxn-at-monthly-highs-above-20-70-as-us-dollar-jumps-analytics-and-market.md) | +0.1% | +0.7% |
| DXY | 2020-01-30 | [USD: Coronavirus fears to keep the dollar bid - ING: Analytics and Market news from 30 January 2020 11:43](https://feedsoft.ai/events/55253-usd-coronavirus-fears-to-keep-the-dollar-bid-ing-analytics-and-market-news-from.md) | +0.3% | +1.4% |
| DXY | 2022-05-17 | [US Dollar Index: Three reasons why DXY is unlikely to peak yet – BofA: Analytics and Market news from 17 May 2022 08:03](https://feedsoft.ai/events/41622-us-dollar-index-three-reasons-why-dxy-is-unlikely-to-peak-yet-bofa-analytics.md) | -1.6% | +0.8% |
| DXY | 2016-11-14 | [Nordea has a comprehensive review regarding the dollar. US productivity to play an important role: Analytics and Market news from 14 November 2016 14:45](https://feedsoft.ai/events/74022-nordea-has-a-comprehensive-review-regarding-the-dollar-us-productivity-to-play.md) | +1.4% | +0.8% |
| DXY | 2021-11-30 | [Breaking: Dollar surges as Fed Chair Powell says appropriate to consider faster QE taper: Analytics and Market news from 30 November 2021 16:22](https://feedsoft.ai/events/44246-breaking-dollar-surges-as-fed-chair-powell-says-appropriate-to-consider-faster.md) | -0.4% | -1.0% |

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3725513

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