# USD/MXN retreats from 2-week highs and hits daily lows under 19.00 — Octa

> The Mexican peso recovered on August 29, 2018 after touching a two-week low, with USD/MXN falling back below 19.00. Trump said he was optimistic Canada would join the US-Mexico deal ahead of a Friday deadline. Mexico's central bank also downgraded its growth outlook.

- Date: 2018-08-29 · published 2018-08-29T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/63755-usd-mxn-retreats-from-2-week-highs-and-hits-daily-lows-under-19-00-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A firmer peso lowers the cost of US exports priced in dollars for Mexican buyers, which supports US feed grain demand. The currency move reflects trade-deal sentiment rather than a direct change in supply.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/605799/

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