# EMERGING MARKETS-Mexican peso up off biggest daily decline in nearly a month By Reuters

> Mexico's peso rose 0.4% on Wednesday, recovering from its biggest daily decline in nearly a month, while the IPC stock index gained 0.8% to reach 2-1/2 year highs. Trading across Latin American currencies was subdued due to a Brazilian holiday.

- Date: 2021-04-21 · published 2021-04-21T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/47826-emerging-markets-mexican-peso-up-off-biggest-daily-decline-in-nearly-a-month-by
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Currency moves in Mexico and Brazil affect the cost of imported feed ingredients and the competitiveness of Latin American grain and meal exports, but this is routine daily market commentary with no major new driver for feed prices.

## Read by commodity

- WTI: bearish ▼
- USDMXN: bearish ▼

## Sources

- in.investing.com: https://in.investing.com/news/stock-market-news/emerging-marketsmexican-peso-recovers-from-worst-day-in-nearly-a-month-2693497
- in.investing.com: https://in.investing.com/news/stock-market-news/emerging-marketsmexican-peso-up-off-biggest-daily-decline-in-nearly-a-month-2693933

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