# USD/MXN: Mexican peso likely to continue outperforming most EM - Rabobank - Forex Crunch

> Rabobank analysts say the Mexican peso remains the most attractive carry currency and is likely to keep outperforming most emerging-market currencies. The peso is up 4.5% against the dollar this year, the best performer among major currencies. Rabobank cautions that sharp, short-lived spikes in USD/MXN are likely from carry-trade unwinds.

- Date: 2018-09-21 · published 2018-09-21T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/63258-usd-mxn-mexican-peso-likely-to-continue-outperforming-most-em-rabobank-forex
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A persistently strong peso lowers Mexican feed import costs in dollar terms, supporting demand for US corn and meal, though the risk of sudden carry-unwind spikes adds volatility to that pricing.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2018/09/21/usd-mxn-mexican-peso-likely-to-continue-outperforming-most-em-rabobank/

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