# USD/MXN Jumps on Sizzling U.S. Inflation. Will Traders Fade this Move? | Forex trading, free forex education | Forex.ca

> US June headline CPI rose 5.4% y/y, the highest since 2008, and core CPI rose 4.5%, the largest gain since 1991. The dollar rallied and USD/MXN climbed from 19.88 to 20.06, with part of the move attributed to Mexican energy policy concerns.

- Date: 2021-07-13 · published 2021-07-13T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/46282-usd-mxn-jumps-on-sizzling-u-s-inflation-will-traders-fade-this-move-forex
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar raises the peso cost of dollar-priced feed imports into Mexico. Higher US rate expectations also tighten financial conditions for agricultural buyers.

## Read by commodity

- DXY: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-08-23 | [Jackson Hole in Focus for USD/SGD, USD/THB, USD/IDR, USD/PHP \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/45835-jackson-hole-in-focus-for-usd-sgd-usd-thb-usd-idr-usd-php-forex-trading-free.md) | -1.0% | -0.5% |
| DXY | 2021-09-27 | [Higher U.S. Yields Weigh on EMFX, Banxico on Tap this Week \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/45299-higher-u-s-yields-weigh-on-emfx-banxico-on-tap-this-week-forex-trading-free.md) | +0.5% | -0.1% |
| DXY | 2020-03-23 | [US Dollar Fundamental Outlook: USD/SGD, USD/IDR, USD/MYR, USD/PHP \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/54383-us-dollar-fundamental-outlook-usd-sgd-usd-idr-usd-myr-usd-php-forex-trading.md) | -2.0% | -1.7% |
| DXY | 2021-03-29 | [US Dollar May Still Have Edge as Emerging Markets Underperform Ahead of NFPs \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/48383-us-dollar-may-still-have-edge-as-emerging-markets-underperform-ahead-of-nfps.md) | -0.0% | -1.5% |
| DXY | 2022-08-29 | [Japanese Yen Slips Against US Dollar as Powell Confirms Hikes. Where to for USD/JPY? \| Forex trading, free forex education \| Forex.ca](https://feedsoft.ai/events/40268-japanese-yen-slips-against-us-dollar-as-powell-confirms-hikes-where-to-for-usd.md) | +0.6% | +4.4% |

## Sources

- forex.ca: https://www.forex.ca/usd-mxn-jumps-on-sizzling-u-s-inflation-will-traders-fade-this-move/

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