# Octa — USD/MXN jumps back above 19.20 on risk aversion

> The Mexican peso weakened as the US dollar rose broadly on risk aversion, with USD/MXN rebounding to about 19.21 after an early dip to 19.06. Equity indices fell on concerns over US-China trade negotiations. The move was the pair's best daily gain in weeks.

- Date: 2019-10-31 · published 2019-10-31T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/56790-octa-usd-mxn-jumps-back-above-19-20-on-risk-aversion
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar and weaker peso raise the local-currency cost of imported feed ingredients for Mexican buyers, while a stronger dollar generally pressures dollar-denominated grain and oilseed prices.

## Read by commodity

- DXY: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-08-28 | [USD/MXN reverses sharply and rises back above 19.00 - Forex Crunch](https://feedsoft.ai/events/63759-usd-mxn-reverses-sharply-and-rises-back-above-19-00-forex-crunch.md) | +1.4% | +0.4% |
| DXY | 2022-06-13 | [USD/MXN jumps to 20.50 as Wall Street plunges — Octa](https://feedsoft.ai/events/41166-usd-mxn-jumps-to-20-50-as-wall-street-plunges-octa.md) | +1.0% | +2.9% |
| DXY | 2024-04-16 | [Rupee may weaken past 83.50/USD on risk-aversion powered dollar rally](https://feedsoft.ai/events/31010-rupee-may-weaken-past-83-50-usd-on-risk-aversion-powered-dollar-rally.md) | +0.5% | -0.3% |
| DXY | 2017-05-29 | [USD: Bull move is over? - BBH — Octa](https://feedsoft.ai/events/71193-usd-bull-move-is-over-bbh-octa.md) | -0.4% | -0.6% |
| DXY | 2022-08-22 | [Dollar rises on risk aversion; euro revisits parity](https://feedsoft.ai/events/40217-dollar-rises-on-risk-aversion-euro-revisits-parity.md) | +0.0% | +1.6% |

## Sources

- pk.octaafrica.net: https://pk.octaafrica.net/markets/news/view/767710/

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