# Mexican Peso Slumps to Record Low as Fears Persist After Fed Cut

> The Mexican peso dropped about 3.6% to 22.7354 per dollar and hit an all-time low of 23.0782 after US stock circuit breakers were triggered. Local markets were closed, though the peso continued trading overseas.

- Date: 2020-04-01 · published 2020-04-01T12:00:00.000Z
- Category: macro · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/54337-mexican-peso-slumps-to-record-low-as-fears-persist-after-fed-cut
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A sharply weaker peso raises the local cost of imported feed ingredients and can strain Mexican livestock and feed margins, while signaling broader risk-off conditions across commodity markets.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2020-03-16/mexican-peso-slumps-to-record-low-as-fears-persist-after-fed-cut

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