# USD/MXN rebounds sharply from weekly lows toward 19.20 after Fed cut rates — Octa

> The Federal Reserve cut its policy rate by 25 basis points, with two members dissenting in favor of no cut. Fed Chair Powell described the move as a mid-cycle adjustment, and the dollar rallied broadly, pushing USD/MXN from below 19.00 to about 19.19 before it eased back near 19.10. Mexico's economy had grown 0.1% in the second quarter, avoiding a technical recession.

- Date: 2019-07-31 · published 2019-07-31T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/58324-usd-mxn-rebounds-sharply-from-weekly-lows-toward-19-20-after-fed-cut-rates-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar and weaker peso raise the local-currency cost of imported feed ingredients for Mexican buyers. The move is driven by US monetary policy rather than grain fundamentals, so its effect on feed prices is modest.

## Read by commodity

- DXY: bullish ▲
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-08-27 | [Mexican Peso Price Analysis: USD/MXN rebounds sharply from two-month lows, outlook turns bullish - Forex Crunch](https://feedsoft.ai/events/51832-mexican-peso-price-analysis-usd-mxn-rebounds-sharply-from-two-month-lows.md) | -0.5% | +0.8% |
| DXY | 2020-03-01 | [Dollar rebounds from 2-week lows; euro volatility rises](https://feedsoft.ai/events/54777-dollar-rebounds-from-2-week-lows-euro-volatility-rises.md) | -0.8% | +4.0% |
| DXY | 2022-09-15 | [USD/MXN remains in range, looking at 20.10 as market sentiment deteriorates — Octa](https://feedsoft.ai/events/39789-usd-mxn-remains-in-range-looking-at-20-10-as-market-sentiment-deteriorates-octa.md) | +1.0% | +2.6% |
| DXY | 2019-08-01 | [Gold prices slip to two-week low as US Fed dashes hopes of more rate cuts](https://feedsoft.ai/events/57513-gold-prices-slip-to-two-week-low-as-us-fed-dashes-hopes-of-more-rate-cuts.md) | +1.1% | +2.1% |
| DXY | 2018-08-28 | [USD/MXN reverses sharply and rises back above 19.00 - Forex Crunch](https://feedsoft.ai/events/63759-usd-mxn-reverses-sharply-and-rises-back-above-19-00-forex-crunch.md) | +1.4% | +0.4% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/731627/

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