# USD/MXN Rises As Inflation Surges Ahead of Banxico Policy Meeting

> The Mexican peso weakened as Mexican inflation rose more than expected in the first half of March, with core inflation nearly double consensus. Banxico was widely expected to hold rates at 4% ahead of its policy meeting.

- Date: 2021-03-24 · published 2021-03-24T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/48329-usd-mxn-rises-as-inflation-surges-ahead-of-banxico-policy-meeting
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Higher inflation and possible rate hikes support the peso over time, but near-term weakness raises the cost of dollar-priced feed imports for Mexican buyers.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- fxdailyreport.com: https://fxdailyreport.com/usd-mxn-rises-as-inflation-surges-ahead-of-banxico-policy-meeting/

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