# USD/MXN Pushing Higher Ahead of Banco de Mexico Interest Rate Decision | Forex trading, free forex education | Forex.ca

> USD/MXN rose after Mexico's central bank was expected to hold rates unchanged, following a 25 basis point cut in February. Turkish lira volatility and rising US Treasury yields also weighed on the peso.

- Date: 2021-03-23 · published 2021-03-23T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/48330-usd-mxn-pushing-higher-ahead-of-banco-de-mexico-interest-rate-decision-forex
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker peso raises the local cost of dollar-priced feed ingredients for Mexican buyers, and the emerging market selloff adds to currency pressure across Latin America.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- forex.ca: https://www.forex.ca/usd-mxn-pushing-higher-ahead-of-banco-de-mexico-interest-rate-decision/

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