# USD/MXN: Mexican peso posts highest weekly close since October — Octa

> The Mexican peso rose for a third straight week against the US dollar, with USD/MXN falling to 19.60, its lowest intraday level since November 7. The pair had dropped about 4.5% from its early-December peak. Analysts cited the Mexican 2018 budget, a Banxico rate hike and a recovery in Mexican bonds as supports.

- Date: 2018-12-28 · published 2018-12-28T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/61774-usd-mxn-mexican-peso-posts-highest-weekly-close-since-october-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger peso lowers the local-currency cost of imported feed ingredients for Mexican buyers, which can ease pressure on feed margins even as dollar-denominated grain prices are unchanged.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/651062/

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