# Mexico's peso weakens for 7th day in a row as COVID fears flare

> Mexico's peso fell against the U.S. dollar for a seventh straight session on Friday, Nov 26. It traded as much as 2.75% weaker at 22.1510 per dollar, its weakest since Sept. 30, 2020, before paring losses to about 1.77%. The move followed risk aversion after a new coronavirus variant raised concern about the global economic recovery.

- Date: 2021-11-26 · published 2021-11-26T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/44259-mexico-s-peso-weakens-for-7th-day-in-a-row-as-covid-fears-flare
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker peso raises the cost of dollar-priced feed and grain imports for Mexican buyers, while risk-off sentiment can pressure commodity prices broadly.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/us/mexicos-peso-weakens-7th-day-row-covid-fears-flare-2021-11-26/

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