# USD/MXN holds below 20.00 but peso struggling despite weak dollar, strong crude — Octa

> USD/MXN traded in the 19.95 range on Feb 15 with thin volumes due to the US Presidents' Day holiday. The peso lagged despite a weaker dollar and firmer crude oil, reportedly weighed by dovish comments from a Banxico deputy governor hinting at further rate cuts.

- Date: 2021-02-15 · published 2021-02-15T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/48863-usd-mxn-holds-below-20-00-but-peso-struggling-despite-weak-dollar-strong-crude
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Dovish Mexican monetary policy and a weak peso raise the local cost of imported feed ingredients, while the move itself is a routine currency commentary with limited direct grain impact.

## Read by commodity

- USDMXN: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/882391/

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