# USD/MXN Price Analysis: Mexican peso gains after Banxico, still faces negative outlook — Octa

> The Mexican peso gained after Banxico's policy meeting, with USD/MXN falling for a second day on Friday. Price is testing critical support near 20.50/55 after bottoming at 20.53.

- Date: 2021-03-26 · published 2021-03-26T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/48325-usd-mxn-price-analysis-mexican-peso-gains-after-banxico-still-faces-negative
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger peso lowers the local-currency cost of imported feed ingredients and makes dollar-priced US feed more expensive for Mexican buyers in relative terms.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/891448/

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