# Mexico's Peso Shines Even as Economy Wobbles

> CME analysis says the Mexican peso has strongly outperformed Latin American peers since President Lopez Obrador took office in December 2018, even though Mexico's economy contracted 0.1% in 2019. The article notes the inverted yield curve and the peso's gains against the Brazilian real, Chilean peso and Colombian peso.

- Date: 2020-02-25 · published 2020-02-25T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/54793-mexico-s-peso-shines-even-as-economy-wobbles
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

The peso's resilience lowers the cost of dollar-priced feed imports into Mexico, but its weak growth outlook limits domestic demand for feed. This is background analysis rather than a new market driver.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- cmegroup.com: https://www.cmegroup.com/education/featured-reports/mexicos-peso-shines-even-as-economy-wobbles

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