# USD/MXN tumbles toward 19.20, lowest in three weeks amid a stronger Mexican peso — Octa

> USD/MXN fell for a fifth straight session toward 19.20, its lowest in three weeks. The move followed progress on ratifying the US-Mexico-Canada trade agreement and Mexican inflation data showing the lowest annual rate since 2016.

- Date: 2019-12-09 · published 2019-12-09T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/55790-usd-mxn-tumbles-toward-19-20-lowest-in-three-weeks-amid-a-stronger-mexican-peso
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Trade deal progress reduces the risk of tariffs on US farm exports to Mexico, supportive for US feed grain demand, while low inflation opens room for more rate cuts.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/782469/

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