# USD/MXN fails to hold above 19.20, remains sideways — Octa

> The USD/MXN peaked at 19.26 during the US session but failed to hold above 19.20 and pulled back. Banxico cut its 2019 growth forecast to 1.1%-2.1% from 1.7%-2.7% and its 2020 forecast to 1.7%-2.7% from 2%-3%, with risks tilted to the downside.

- Date: 2019-02-27 · published 2019-02-27T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/60803-usd-mxn-fails-to-hold-above-19-20-remains-sideways-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker Mexican growth outlook and a range-bound peso have little direct effect on feed grain supply or demand. Mexican feed buyers may see only modest changes in dollar-denominated import costs.

## Read by commodity

- USDMXN: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/671894/

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