# USD/MXN finds resistance at 22.80 and Mexican peso recovers ground — Octa

> USD/MXN ended the week of June 19, 2020 near 22.55-22.60 after reaching above 22.80 on Thursday and finding support at 22.50 on Friday. Emerging market currencies including the Brazilian real and Mexican peso were among the weakest performers that week.

- Date: 2020-06-19 · published 2020-06-19T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/52837-usd-mxn-finds-resistance-at-22-80-and-mexican-peso-recovers-ground-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Weakness in the peso and real reflects economic and virus concerns in Latin America, which can raise import costs for feed ingredients and affect demand for regional meals.

## Read by commodity

- USDMXN: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/830217/

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