# USD/MXN Price Analysis: Upside pressure eases, support seen at 20.40 — Octa

> The Mexican peso retreated from a three-month high of 20.64 per dollar on Wednesday and consolidated near 20.50 on Thursday. Technical indicators suggested short-term consolidation, with support at 20.40 and 20.20. Bank of Mexico was due to announce a policy decision with a 25 basis point hike expected.

- Date: 2021-09-30 · published 2021-09-30T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/45297-usd-mxn-price-analysis-upside-pressure-eases-support-seen-at-20-40-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger peso lowers the local-currency cost of dollar-priced feed ingredients such as corn, soybean meal and DDGS imported into Mexico. Price effects on these feed inputs are limited, so the move is mostly neutral for feed buyers.

## Read by commodity

- USDMXN: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/927882/

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