# USD/MXN eases from 8-month highs, looks to close above 20 - Forex Crunch

> The USD/MXN pair rose to 20.0850 on August 27, its highest since December, as the peso weakened on a rise in Mexico's unemployment rate to 3.7% and a trade deficit. Risk-off flows followed a sharp drop in US Treasury yields, including an inversion of the 30-year and 3-month yield curve.

- Date: 2019-08-27 · published 2019-08-27T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/57814-usd-mxn-eases-from-8-month-highs-looks-to-close-above-20-forex-crunch
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Peso weakness raises the local-currency cost of imported feed for Mexican buyers and can encourage cheaper dollar-priced purchases. The article is about currency moves, so its direct effect on feed grain prices is limited.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2019/08/27/usd-mxn-eases-from-8-month-highs-looks-to-close-above-20/

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