# USD/MXN hits fresh monthly highs above 20.00 as Mexican peso remains under pressure — Octa

> The peso hit a four-month low against the dollar, reaching 20.14 per dollar and losing almost 4 percent from Friday's close. Mexico's economy rebounded 0.9 percent in the third quarter after contracting 0.2 percent in the second. Mexican 10-year bond yields rose from 8.35 percent to 8.70 percent after the airport vote.

- Date: 2018-10-30 · published 2018-10-30T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/62743-usd-mxn-hits-fresh-monthly-highs-above-20-00-as-mexican-peso-remains-under
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Currency weakness and higher borrowing costs in Mexico make imported feed grains and ingredients more expensive for local buyers, which can curb purchases from US suppliers. The effect on global grain prices is small.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/629818/

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