# Mexican Peso at Risk vs US Dollar, Peso Bulls Near Record | Forex trading, free forex education | Forex.ca

> Forex.ca reports that the Mexican peso is at risk against the US dollar because speculative long positions are near record levels. Mexico's Q4 GDP contracted 0.5%, confirming a mild recession, and coronavirus reports from Latin America are raising emerging-market risk.

- Date: 2020-02-26 · published 2020-02-26T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/54792-mexican-peso-at-risk-vs-us-dollar-peso-bulls-near-record-forex-trading-free
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker peso raises the local-currency cost of imported feed ingredients such as corn and soybean meal for Mexican buyers. Expected Banxico easing could add further pressure.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- forex.ca: http://www.forex.ca/mexican-peso-at-risk-vs-us-dollar-peso-bulls-near-record/

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