# Mexico's peso gains, but set for worst year since 2016 - Markets - Business Recorder

> The Mexican peso gained 0.3% on the final trading day of 2020 after Foreign Minister Ebrard said authorization of the AstraZeneca/Oxford vaccine was imminent. The peso was still on track for a 5% annual loss, its worst year since 2016, as crude oil fell about a fifth in 2020. MSCI's LatAm currency and stock index fell 13% to 15% for the year.

- Date: 2020-12-31 · published 2020-12-31T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/49878-mexico-s-peso-gains-but-set-for-worst-year-since-2016-markets-business-recorder
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Weak oil prices and fiscal concerns weighed on the peso over the year, which raises the cost of dollar-priced feed imports for Mexico. The day's move is routine and has little direct effect on grain markets.

## Sources

- brecorder.com: https://www.brecorder.com/news/40046289

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