# USD/MXN breaks below 19.20, hits one-month lows ahead of Fed’s decision — Octa

> The USD/MXN pair fell below 19.20 to a one-month low ahead of the Federal Reserve's December policy decision. The decline followed a broad weakening of the US dollar against emerging market and commodity currencies.

- Date: 2019-12-11 · published 2019-12-11T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/55788-usd-mxn-breaks-below-19-20-hits-one-month-lows-ahead-of-fed-s-decision-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger peso reduces the peso cost of US feed imports into Mexico, a routine currency move with limited direct effect on grain prices.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/783479/

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