# USD/MXN Price Analysis: Is the rally over for the Mexican peso? — Octa

> The USD/MXN rose for a third consecutive day on Wednesday, peaking at 21.36 amid a broad US dollar rally against emerging market currencies driven by risk aversion. Technical levels cited include support near 20.80/85 and resistance around 22.50.

- Date: 2020-10-28 · published 2020-10-28T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/50838-usd-mxn-price-analysis-is-the-rally-over-for-the-mexican-peso-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger dollar and weaker peso generally make US-priced commodities more expensive for Mexican buyers, which can soften import demand for US corn and feed ingredients while the peso remains under pressure.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/859262/

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