# USD/MXN breaks above 22.20 to highest in almost a week as dollar recovers — Octa

> USD/MXN climbed to 22.29 on Friday, its highest since Monday, as the dollar rallied broadly and trimmed weekly losses. Emerging market currencies came under pressure from risk aversion, with the South African rand and Russian ruble also weakening sharply. Traders are watching resistance near 22.40/45 and support at 22.20.

- Date: 2020-07-31 · published 2020-07-31T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/52316-usd-mxn-breaks-above-22-20-to-highest-in-almost-a-week-as-dollar-recovers-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar against the peso raises the cost of Mexican-denominated inputs and signals risk-off conditions that can weigh on broader commodity demand and prices.

## Read by commodity

- DXY: bullish ▲
- USDMXN: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/839942/

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