# USD/MXN rebounds from two-months low, ends May sharply lower - Forex Crunch

> USD/MXN dropped to 22.00 on Friday, a two-month low, before rebounding to around 22.25 as US-China tensions escalated. The peso was the best-performing major currency in May, gaining about 8% against the dollar for the month.

- Date: 2020-05-29 · published 2020-05-29T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/53341-usd-mxn-rebounds-from-two-months-low-ends-may-sharply-lower-forex-crunch
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger peso lowers the peso cost of US feed and grain exports to Mexico only modestly, and the move is driven by general currency sentiment rather than a grain-specific event.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2020/05/29/usd-mxn-rebounds-from-two-months-low-ends-may-sharply-lower/
- octaafrica.net: https://www.octaafrica.net/markets/news/view/825121/

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