# USD/MXN rises toward 19.50 as Mexican peso weakens — Octa

> USD/MXN rose toward 19.50 as the peso weakened amid uncertainty over US Congress ratification of the USMCA trade deal. Revised Mexican data showed a mild technical recession in the first half of 2019 and near-zero growth in the third quarter.

- Date: 2019-11-25 · published 2019-11-25T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/56274-usd-mxn-rises-toward-19-50-as-mexican-peso-weakens-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Weak Mexican growth and a softer peso point to lower Mexican feed demand, while stalled USMCA ratification adds trade uncertainty for US meal and grain exports to Mexico.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/776871/

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