# USD/MXN jumps above 19.60 to highest since early October — Octa

> The Mexican peso weakened as USD/MXN rose from near 19.50 to 19.65, its highest in about a month, before easing to 19.61. Bank of Mexico minutes showed members see downside risks to growth and noted low producer price inflation after a recent rate cut.

- Date: 2019-11-28 · published 2019-11-28T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/56271-usd-mxn-jumps-above-19-60-to-highest-since-early-october-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker peso raises the cost of Mexican imports of feed ingredients and can soften Mexican demand for US grain and meal, a modest bearish signal for US feed exports.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/778549/

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