# USD/MXN keeps falling, moving closer to 19.00 — Octa

> USD/MXN fell toward 19.00 as the Mexican peso rose for an eighth straight day against the dollar, with the pair down for a third consecutive week. Improved risk sentiment and a weaker dollar drove the move, and the pair was trading at 19.13. Analysts at CIBC kept a 19.9 year-end forecast and expected Banxico to cut rates in November and December.

- Date: 2019-10-18 · published 2019-10-18T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/56792-usd-mxn-keeps-falling-moving-closer-to-19-00-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger peso lowers the peso cost of imported feed ingredients for Mexican buyers, and expected Banxico easing could weigh on the currency later.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/763195/

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