# USD/MXN remains steady below 19.75 after Banxico cut rates — Octa

> Banxico cut its overnight interbank rate by 25 basis points to 8.00% on August 15, 2019. The move was widely expected, given a stagnating economy and falling inflation. The USD/MXN pair traded near 19.60 after the decision.

- Date: 2019-08-15 · published 2019-08-15T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/57819-usd-mxn-remains-steady-below-19-75-after-banxico-cut-rates-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A lower policy rate weakens the peso's yield appeal, which can raise the peso cost of dollar-priced feed imports. The cut was largely priced in, so the effect on feed prices is modest.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/737645/

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