# Mexican peso rises as dollar wilts, to end year up 4% | Financial Post

> The Mexican peso rose on the last trading day of 2019 as improving global growth sentiment and better U.S.-China trade relations pushed the dollar to six-month lows. The peso was set to finish the year up about 4%, while Mexican stocks gained 4.5% after recovering from a 2018 slump.

- Date: 2019-12-31 · published 2019-12-31T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/55786-mexican-peso-rises-as-dollar-wilts-to-end-year-up-4-financial-post
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A firmer peso lowers the cost of dollar-denominated feed imports for Mexico, a major buyer of US corn and soymeal, and signals reduced tariff risk on US-Mexico trade.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/mexican-peso-rises-as-dollar-wilts-to-end-year-up-4

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