# Mexican lawmakers agree to rework central bank 'laundering' bill, peso surges | Financial Post

> Mexican lawmakers agreed to rework the central bank bill, postponing its approval and sending it to a joint panel aiming for consensus in January. The peso strengthened more than 1.5% and moved back below 20 per dollar. Finance Minister Herrera welcomed the delay as allowing a more technical discussion.

- Date: 2020-12-16 · published 2020-12-16T12:00:00.000Z
- Category: policy · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/49879-mexican-lawmakers-agree-to-rework-central-bank-laundering-bill-peso-surges
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Reduced political risk to the peso lowers the local cost of dollar-denominated feed imports in Mexico. The grain price effect is limited because the story is about currency and policy rather than supply.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/mexican-lawmakers-agree-to-rework-central-bank-laundering-bill-peso-surges

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