# USD/MXN hits 2-week highs above 19.00 - Forex Crunch

> USD/MXN rose to 19.04 on Wednesday, its highest since April 8, before easing back near 19.00. The move came from broad US dollar strength against emerging-market currencies, while mid-April Mexican CPI rose 4.38% year on year, above the 4.20-4.25% consensus. Higher inflation reduced expectations that Banxico would soon cut its 8.25% key rate.

- Date: 2019-04-24 · published 2019-04-24T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/59801-usd-mxn-hits-2-week-highs-above-19-00-forex-crunch
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A firmer dollar and sticky Mexican inflation keep the peso under pressure and push back rate cuts, which tends to raise the dollar cost of US feed exports to Mexico at the margin.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2019/04/24/usd-mxn-hits-2-week-highs-above-19-00/

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