# USD/MXN: Mexican peso steady around 22.75 after Banxico cuts rates — Octa

> The USD/MXN pair held near 22.75 after Banxico cut its key rate by 50 basis points to 5.0%, a decision that was expected and unanimous. The pair had touched 22.99 intraday, its highest level in a month, before pulling back.

- Date: 2020-06-25 · published 2020-06-25T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/52836-usd-mxn-mexican-peso-steady-around-22-75-after-banxico-cuts-rates-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A steady peso after the expected cut leaves feed import costs in Mexico largely unchanged, while the pair's upside bias keeps dollar-denominated feed purchases slightly more expensive.

## Read by commodity

- USDMXN: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/831368/

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