# USD/MXN: Mexican peso hits highest level in six days at 21.30 — Octa

> The Mexican peso rose to 21.27 per dollar on Nov 30, its strongest level in about a week, after the dollar weakened broadly. The peso then gave back part of its gains after Fed Chair Powell said it was time to drop 'transitory' as a description of inflation, which lifted Treasury yields and the dollar.

- Date: 2021-11-30 · published 2021-11-30T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/44260-usd-mxn-mexican-peso-hits-highest-level-in-six-days-at-21-30-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A firmer peso lowers the local-currency cost of imported feed ingredients, but the move is driven by short-term dollar swings tied to Fed commentary, so the effect on feed prices is limited.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/939416/

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