# Mexico's Senate approves trade deal with US, Canada | AP News

> Mexico's Senate approved a trade deal with the US and Canada. The peso strengthened to 19.03 per dollar on Wednesday, mainly on the Federal Reserve signaling readiness to cut rates.

- Date: 2019-06-19 · published 2019-06-19T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/58812-mexico-s-senate-approves-trade-deal-with-us-canada-ap-news
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Corn](https://feedsoft.ai/c/CORN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Ratification of the trade pact supports continued US farm exports to Mexico, a key feed grain buyer, while the Fed signal weakens the dollar, which tends to support dollar-denominated grain prices.

## Read by commodity

- DXY: bearish ▼
- CORN: bullish ▲
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-06-30 | [IL Corn Celebrates U.S. Mexico Canada Agreement for Trade Entry-into Force](https://feedsoft.ai/events/52566-il-corn-celebrates-u-s-mexico-canada-agreement-for-trade-entry-into-force.md) | +3.3% | -1.5% |
| CORN | 2020-08-17 | [China is far behind farm purchases needed to fulfill terms of trade deal with U.S. - Medill News Service](https://feedsoft.ai/events/51476-china-is-far-behind-farm-purchases-needed-to-fulfill-terms-of-trade-deal-with-u.md) | +1.3% | +9.3% |
| CORN | 2025-10-27 | [Mexico Wins More Time in US Trade Negotiations - TT](https://feedsoft.ai/events/22624-mexico-wins-more-time-in-us-trade-negotiations-tt.md) | +1.4% | +2.7% |
| CORN | 2018-10-04 | [New U.S.-Mexico-Canada Agreement Preserves Market Access, Improves Trade Logistics To Top U.S. Grain Markets - U.S. Grains & BioProducts Council](https://feedsoft.ai/events/62508-new-u-s-mexico-canada-agreement-preserves-market-access-improves-trade.md) | -1.5% | -1.1% |
| CORN | 2019-12-11 | [US ethanol industry welcomes US-Mexico-Canada trade agreement - Biofuels International Magazine](https://feedsoft.ai/events/55575-us-ethanol-industry-welcomes-us-mexico-canada-trade-agreement-biofuels.md) | +5.1% | +4.1% |
| DXY | 2019-05-31 | [Forex Market: US tariffs on Mexico, US-China trade war in focus](https://feedsoft.ai/events/59301-forex-market-us-tariffs-on-mexico-us-china-trade-war-in-focus.md) | -0.4% | -1.5% |
| DXY | 2019-12-16 | [USD/CAD: Trade Deal Weighs On US Dollar - Currency Live](https://feedsoft.ai/events/55809-usd-cad-trade-deal-weighs-on-us-dollar-currency-live.md) | +0.1% | -0.6% |
| DXY | 2022-01-03 | [Trade with China boosting ag exports to record levels – AgriNews](https://feedsoft.ai/events/14965-trade-with-china-boosting-ag-exports-to-record-levels-agrinews.md) | -0.2% | +0.2% |

## Sources

- apnews.com: https://apnews.com/article/8455de23160f4a3eb182de70aaddd847

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