# The peso appreciates against the dollar for the 4th week in a row - Opportimes

> The Mexican peso closed the week up 0.47%, trading near 19.84 per dollar, its fourth consecutive weekly gain. Analysts attributed the appreciation partly to expectations of tighter monetary policy after Mexico's first-half April inflation rose to 6.05%, the highest since December 2017.

- Date: 2021-04-24 · published 2021-04-24T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/47827-the-peso-appreciates-against-the-dollar-for-the-4th-week-in-a-row-opportimes
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A firmer peso lowers the peso cost of US feed grain and meal imports for Mexican buyers, while rising Mexican inflation and possible rate hikes weigh on domestic livestock and feed demand.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- opportimes.com: https://www.opportimes.com/en/the-peso-appreciates-against-the-dollar-for-the-4th-week-in-a-row/

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