# Mexican peso firms with focus on central bank bill debate

> Mexico's peso stabilized after a four-day slide while investors awaited a lower house debate on a central bank bill that critics say would force Banxico to accept money from drug gangs. Moody's had warned the reform was credit negative, and the peso traded at 20.1978 per dollar. Other Latin American currencies gained on vaccine optimism and higher oil prices.

- Date: 2020-12-15 · published 2020-12-15T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/49877-mexican-peso-firms-with-focus-on-central-bank-bill-debate
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Uncertainty over the bill keeps USD/MXN volatile, which affects the cost of imported feed for Mexican buyers. The effect on grain prices is limited, so the impact is modest.

## Read by commodity

- USDMXN: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40041369/mexican-peso-firms-with-focus-on-central-bank-bill-debate

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