# Mexican Peso Strengthens As Country Registers Lowest COVID-19 Death Toll in a Year

> The Mexican peso moved below 20 per dollar on May 24, its first positive performance of the year. Mexico reported 50 COVID-19 deaths, the lowest daily increase since April 2020, and mid-month inflation came in below forecasts.

- Date: 2021-05-24 · published 2021-05-24T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/47310-mexican-peso-strengthens-as-country-registers-lowest-covid-19-death-toll-in-a
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Easing pandemic restrictions and a stronger peso support Mexican demand for imported feed and meat, but the effect on grain prices is modest. A firmer peso lowers the local cost of dollar-priced US feed imports.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- fxdailyreport.com: https://fxdailyreport.com/mexican-peso-strengthens-as-country-registers-lowest-covid-19-death-toll-in-a-year/

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