# The peso loses 49.4 cents against the dollar in the week - Opportimes

> The Mexican peso closed January 2021 down 2.78%, or 55.4 cents, at about 20.47 per dollar, with the last week of the month down 2.47%. Volatility reached its highest January level since 2017, driven by a stronger dollar, rising Treasury yields, rising coronavirus cases, slow vaccine rollout and the 2020 GDP drop.

- Date: 2021-01-29 · published 2021-01-29T12:00:00.000Z
- Category: macro · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/49360-the-peso-loses-49-4-cents-against-the-dollar-in-the-week-opportimes
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A sharply weaker peso increases the peso cost of dollar-priced imported feed ingredients for Mexican livestock and feed producers.

## Read by commodity

- DXY: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-02-21 | [Won expected to lose more ground against dollar - The Korea Times](https://feedsoft.ai/events/54823-won-expected-to-lose-more-ground-against-dollar-the-korea-times.md) | +0.1% | +6.7% |
| DXY | 2018-06-21 | [Korean won continues to weaken against dollar - The Korea Times](https://feedsoft.ai/events/64742-korean-won-continues-to-weaken-against-dollar-the-korea-times.md) | +0.4% | +0.4% |
| DXY | 2019-03-08 | [FX: Dollar against the low yielders \| articles \| ING THINK](https://feedsoft.ai/events/60268-fx-dollar-against-the-low-yielders-articles-ing-think.md) | -0.6% | -0.5% |
| DXY | 2018-07-19 | [Brazilian Real and Argentine Peso lose ground against the dollar — MercoPress](https://feedsoft.ai/events/64233-brazilian-real-and-argentine-peso-lose-ground-against-the-dollar-mercopress.md) | -0.4% | +1.6% |
| DXY | 2026-03-27 | [Ringgit weakens past 4.00 against US dollar \| The Star](https://feedsoft.ai/events/20417-ringgit-weakens-past-4-00-against-us-dollar-the-star.md) | +0.1% | -1.4% |

## Sources

- opportimes.com: https://www.opportimes.com/en/the-peso-loses-49-4-cents-against-the-dollar-in-the-week/

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