# Mexico peso hits 2-wk low after president tests positive for COVID-19 - Markets - Business Recorder

> Latin American currencies weakened against the dollar on January 25, 2021 as COVID-19 cases rose regionally. Mexico's peso fell as much as 1.3% after President Lopez Obrador tested positive for the virus, while Colombia's peso dropped up to 2.2% amid weaker crude prices.

- Date: 2021-01-25 · published 2021-01-25T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/49356-mexico-peso-hits-2-wk-low-after-president-tests-positive-for-covid-19-markets
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A weaker peso makes dollar-priced feed ingredients costlier for Mexican buyers, while sluggish crude pressure on commodity-linked currencies is a minor signal for energy-linked feed costs.

## Read by commodity

- WTI: bearish ▼
- USDCOP: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2022-11-28 | [C$ hits one-week low as China protests rattle investors - Markets - Business Recorder](https://feedsoft.ai/events/38912-c-hits-one-week-low-as-china-protests-rattle-investors-markets-business-recorder.md) | +4.6% | +4.2% |
| WTI | 2022-03-16 | [Palm extends losses - Markets - Business Recorder](https://feedsoft.ai/events/5497-palm-extends-losses-markets-business-recorder.md) | +15.4% | +4.3% |
| WTI | 2021-08-15 | [Ringgit hits 1-year low after cabinet resignation; may face pressure in coming months - The Business Times](https://feedsoft.ai/events/45817-ringgit-hits-1-year-low-after-cabinet-resignation-may-face-pressure-in-coming.md) | -8.9% | +3.1% |
| WTI | 2022-04-29 | [Canadian dollar hits 7-week low - Business & Finance - Business Recorder](https://feedsoft.ai/events/42107-canadian-dollar-hits-7-week-low-business-and-finance-business-recorder.md) | +2.6% | +9.5% |
| WTI | 2021-05-19 | [US MIDDAY: Soyabean, wheat and corn plunge - Markets - Business Recorder](https://feedsoft.ai/events/12365-us-midday-soyabean-wheat-and-corn-plunge-markets-business-recorder.md) | +1.1% | +10.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40055804

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