# With a near-4% gain, it was the peso's best week in more than six years

> The Mexican peso posted its best week in more than six years, gaining 3.92% against the dollar to close near 19.09 per dollar. The move was driven by a weaker dollar amid US-China tariff escalation and a post-election rally on investor relief over the incoming government's economic plans.

- Date: 2018-07-07 · published 2018-07-07T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/64250-with-a-near-4-gain-it-was-the-peso-s-best-week-in-more-than-six-years
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger peso lowers the peso cost of US grain and meal imports for Mexican feed buyers, which supports import demand. The move is driven mainly by currency flows rather than a change in grain supply.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- mexiconewsdaily.com: https://mexiconewsdaily.com/news/pesos-best-week-in-nearly-six-years/

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