# USD/MXN breaks above 19.70 to the highest level in three weeks - Forex Crunch

> USD/MXN broke above 19.70 to its highest level since September 6, after trading in a tight range for hours. The peso was among the weakest performers of the past five days and the pair posted its best weekly gain in about a month. Analysts pointed to a dovish Banxico dissent and a bearish peso outlook.

- Date: 2019-09-27 · published 2019-09-27T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/57312-usd-mxn-breaks-above-19-70-to-the-highest-level-in-three-weeks-forex-crunch
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker peso raises the cost of imported feed inputs in Mexico and can slow purchases of US corn and soymeal by Mexican buyers. The move is a currency market development with little direct effect on grain prices.

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2019/09/27/usd-mxn-breaks-above-19-70-to-the-highest-level-in-three-weeks/

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