# USD/MXN: Best performer of the week, thanks to Trump — Octa

> The U.S. dollar rose against the Mexican peso on May 31 after Trump announced a 5% tariff on Mexican imports starting June 10. The peso had its worst day and week since October and erased its gains for the year. Analysts expect the matter could be resolved quickly and possibly avoid tariffs, while the peso could later recover.

- Date: 2019-05-31 · published 2019-05-31T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/59304-usd-mxn-best-performer-of-the-week-thanks-to-trump-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Tariff threats on Mexico add risk to trade flows that carry U.S. feed and food exports, and a weaker peso raises the dollar cost of imported feed. Continued uncertainty could weigh on Mexican demand for U.S. grain.

## Read by commodity

- CORN: bearish ▼
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-05-31 | [USD/MXN soars to 14-month highs on US tariffs announcement — Octa](https://feedsoft.ai/events/65225-usd-mxn-soars-to-14-month-highs-on-us-tariffs-announcement-octa.md) | -2.2% | -7.3% |
| CORN | 2018-11-11 | [US ethanol producers feeling the pinch from Trump trade war](https://feedsoft.ai/events/62049-us-ethanol-producers-feeling-the-pinch-from-trump-trade-war.md) | -6.7% | +0.1% |
| CORN | 2018-07-17 | [There's one commodity that may benefit from Trump's trade war \| The Peninsula Qatar](https://feedsoft.ai/events/63976-there-s-one-commodity-that-may-benefit-from-trump-s-trade-war-the-peninsula.md) | -0.7% | -0.1% |
| CORN | 2021-06-24 | [U.S. accuses Mexico of violating trade deal \| The Western Producer](https://feedsoft.ai/events/46587-u-s-accuses-mexico-of-violating-trade-deal-the-western-producer.md) | +4.6% | -5.8% |
| CORN | 2025-01-16 | [China Heads for Trump Showdown With Yuan (CNU/USD), Stocks Under Threat - Bloomberg](https://feedsoft.ai/events/12210-china-heads-for-trump-showdown-with-yuan-cnu-usd-stocks-under-threat-bloomberg.md) | +0.7% | +2.9% |

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/708259/

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