# Mexican Peso Predicted To Rise Vs. US Dollar Amid Dovish Fed, Rising Oil Prices And Ebbing Global Recession Fears

> The Mexican peso rose to a five-month high after a dovish Federal Reserve decision, then trimmed gains before recovering. Better-than-expected Mexican economic data and a softer dollar supported the currency, and traders expect Banxico to tighten policy later in the year.

- Date: 2019-03-26 · published 2019-03-26T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/60303-mexican-peso-predicted-to-rise-vs-us-dollar-amid-dovish-fed-rising-oil-prices
- 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 peso and a weaker dollar make US feed commodities cheaper for Mexican buyers, supporting import demand, while the currency move reflects broader dollar weakness after the Fed pause.

## Read by commodity

- DXY: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-09-30 | [Latam FX rise as dollar steadies; Mexican peso shines](https://feedsoft.ai/events/51308-latam-fx-rise-as-dollar-steadies-mexican-peso-shines.md) | -1.1% | -1.5% |
| DXY | 2019-12-17 | [Gold Price Forecast: Gold To Rise On Fed Dollar Debasement \| Gold Eagle](https://feedsoft.ai/events/55510-gold-price-forecast-gold-to-rise-on-fed-dollar-debasement-gold-eagle.md) | +0.2% | -0.5% |
| DXY | 2023-02-02 | [Copper prices rise as Fed messaging weakens the dollar \| Financial Post](https://feedsoft.ai/events/37237-copper-prices-rise-as-fed-messaging-weakens-the-dollar-financial-post.md) | +1.3% | +2.1% |
| DXY | 2025-09-26 | [US dollar at risk if Trump can sway Fed to more dovish stance, says PGIM exec \| Reuters](https://feedsoft.ai/events/23080-us-dollar-at-risk-if-trump-can-sway-fed-to-more-dovish-stance-says-pgim-exec.md) | -0.1% | +0.3% |
| DXY | 2021-08-30 | [Canadian dollar notches two-week high as Fed taper fears ebb - The Globe and Mail](https://feedsoft.ai/events/45790-canadian-dollar-notches-two-week-high-as-fed-taper-fears-ebb-the-globe-and-mail.md) | -0.7% | +0.4% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/25165/mexican-peso-predicted-to-gain-amid-dovish-fed-rising-oil-prices-and-ebbing-global-recession-fears.html

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