# Mexico | NAFTA: uncertainty will continue and so therefore will exchange rate volatility | BBVA Research

> BBVA Research chief economist Carlos Serrano says the peso's moves against the dollar have over the past two years tracked NAFTA prospects and broader Mexico-US trade relations. He expects NAFTA uncertainty to persist and keep exchange-rate volatility elevated.

- Date: 2018-07-20 · published 2018-07-20T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/64249-mexico-nafta-uncertainty-will-continue-and-so-therefore-will-exchange-rate
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker or more volatile peso raises the local-currency cost of US feed imports for Mexican buyers, which can dampen demand for US corn and soymeal. Uncertainty around NAFTA also adds risk to Mexican feed import flows.

## Read by commodity

- USDMXN: neutral

## Sources

- bbvaresearch.com: https://www.bbvaresearch.com/en/publicaciones/mexico-nafta-uncertainty-will-continue-and-so-therefore-will-exchange-rate-volatility/

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