# USD/MXN rises despite US dollar weakness — Octa

> The Mexican peso lagged on Thursday, with USD/MXN rising from 18.70 to 18.88 before pulling back to about 18.80 even as the US dollar index fell below 94.00. Emerging-market currencies broadly strengthened, while the peso was pressured by weaker crude oil prices and uncertainty over NAFTA talks.

- Date: 2018-09-20 · published 2018-09-20T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/63257-usd-mxn-rises-despite-us-dollar-weakness-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Peso weakness against a broadly softer dollar points to NAFTA-related risk premium, which can affect Mexican feed import pricing and US export demand sentiment for corn and meal.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/614733/

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