# USD/MXN Falls on Better-Than-Expected Q1 GDP Growth

> Mexico's first-quarter GDP grew 0.8% quarter-on-quarter, beating a 0.6% median estimate, with gains in industry, manufacturing and agriculture. Economic activity rose 2.6% month-on-month in March and the peso strengthened against the dollar.

- Date: 2021-05-26 · published 2021-05-26T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/47308-usd-mxn-falls-on-better-than-expected-q1-gdp-growth
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Stronger Mexican growth supports feed demand from the country's livestock and poultry sectors, though the effect on grain prices is small. The peso move mainly affects the cost of US feed exports priced in dollars.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- fxdailyreport.com: https://fxdailyreport.com/usd-mxn-falls-on-better-than-expected-q1-gdp-growth/

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