# USD/MXN: Mexican peso surges to the highest level in six days - Forex Crunch

> The Mexican peso gained against the dollar, reaching its strongest level in six days near 20.21-20.23 per dollar. The move followed a sharp dollar slide after Fed Chair Powell's remarks that policy was just below neutral.

- Date: 2018-11-28 · published 2018-11-28T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/62257-usd-mxn-mexican-peso-surges-to-the-highest-level-in-six-days-forex-crunch
- 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 eases the local-currency cost of imported US feed grains and meal, though the move is driven largely by dollar weakness rather than Mexico-specific supply.

## Read by commodity

- DXY: bearish ▼
- USDMXN: bearish ▼

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2018/11/28/usd-mxn-mexican-peso-surges-to-the-highest-level-in-six-days/

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