# USD/MXN retreats from 2019 highs, trades above 20.10 — Octa

> The USD/MXN pair climbed to its highest level since December at 20.2575 on August 29 before reversing and trading near 20.13. Broad dollar strength lifted the Dollar Index to 98.55, and Banxico minutes showed some board members saw growth risks tilted downward.

- Date: 2019-08-29 · published 2019-08-29T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/57812-usd-mxn-retreats-from-2019-highs-trades-above-20-10-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A firmer dollar against the peso raises the peso cost of imported feed ingredients for Mexican buyers, but the intraday reversal limits the pressure. The move is currency-driven and does not directly change grain or meal supply.

## Read by commodity

- USDMXN: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/742719/

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