# USD/MXN Slides on Lower US Treasury Yields, Market Focus Turns to NFP Data | Forex trading, free forex education | Forex.ca

> The US dollar fell against the Mexican peso as US Treasury yields dropped following the Fed's dovish message at Jackson Hole. Markets reportedly expected any taper announcement to come late in the year rather than at the September FOMC meeting.

- Date: 2021-08-30 · published 2021-08-30T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/45772-usd-mxn-slides-on-lower-us-treasury-yields-market-focus-turns-to-nfp-data-forex
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker dollar and lower yields support emerging-market currencies such as the peso, which can ease the cost of imported feed ingredients for Mexico.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- forex.ca: https://www.forex.ca/usd-mxn-slides-on-lower-us-treasury-yields-market-focus-turns-to-nfp-data/

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