# USD/MXN gains momentum and approaches monthly high above 22.50 — Octa

> USD/MXN rose to 22.64, near a one-month high of 22.70 reached the previous week, and was up for six of the last seven sessions. The pair gained 4.35% over five trading days as emerging-market investors turned cautious ahead of the US presidential debate.

- Date: 2020-09-28 · published 2020-09-28T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/51327-usd-mxn-gains-momentum-and-approaches-monthly-high-above-22-50-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker peso raises the peso cost of US-priced feed ingredients for Mexican buyers, supporting local feed price increases. The move is technical and has limited direct effect on grain prices.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- octabroker.com: https://www.octabroker.com/markets/news/view/852698/

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