# Latam FX up against steady dollar; Upbeat economic data lifts Mexican peso - Markets - Business Recorder

> Mexican industrial output rose 17.9% in June from May as manufacturing and construction rebounded from the coronavirus lockdown. The peso gained 0.3%, and other Latin American currencies strengthened as the dollar held steady, while Mexico's COVID-19 death toll passed 53,000.

- Date: 2020-08-11 · published 2020-08-11T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/51837-latam-fx-up-against-steady-dollar-upbeat-economic-data-lifts-mexican-peso
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A recovering Mexican economy supports feed demand and a firmer peso lowers the local cost of imported feed ingredients. The data point is a currency and macro story with limited direct grain price impact.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40011352

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