# USD/MXN rises back above 19.00 as Mexican peso weakens — Octa

> The Mexican peso weakened on Monday, pushing USD/MXN back above 19.00 after a two-day rally. Concerns about the US-Mexico-Canada trade deal weighed on the peso, after Senator Grassley demanded that Trump cancel tariffs or the deal would fail in Congress, and Speaker Pelosi signaled no vote without changes. US personal spending rose in March while inflation came in below expectations.

- Date: 2019-04-29 · published 2019-04-29T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/59799-usd-mxn-rises-back-above-19-00-as-mexican-peso-weakens-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker peso lowers the dollar cost of Mexican feed and grain imports only modestly, but trade-deal uncertainty raises the risk premium on North American agricultural trade flows, which matter to US feed-grain exporters selling into Mexico.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2019/04/29/usd-mxn-rises-back-above-19-00-as-mexican-peso-weakens/
- octaafrica.net: https://www.octaafrica.net/markets/news/view/695173/

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