# USD/MXN slides below the 100-DMA hovering around 20.4400 after Banxico’s minutes: Analytics and Market news from 6 January 2022 17:36

> The Mexican peso strengthened about 0.7% against the dollar, with USD/MXN trading near 20.44 after Banxico released minutes showing policymakers worried about inflation and wages. Banxico had hiked its benchmark rate by 50bp to 5.50%.

- Date: 2022-01-06 · published 2022-01-06T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/43350-usd-mxn-slides-below-the-100-dma-hovering-around-20-4400-after-banxico-s
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A firmer peso lowers the local-currency cost of US dollar-priced feed imports into Mexico, modestly supporting buyer margins. Inflation signals point to further tightening that could weigh on domestic demand.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- teletrade.org: https://www.teletrade.org/analytics/market-analysis/market-news/3716774

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