# Mexican Peso Falls to Lowest in a Year as Nafta Seen Delayed - Bloomberg

> The Mexican peso fell to its weakest level in over a year after the US reportedly considered leaving Nafta and pursuing separate deals with Mexico and Canada. The currency dropped 1.6% to 20.40 per dollar and Mexican CDS spreads widened.

- Date: 2018-06-05 · published 2018-06-05T12:00:00.000Z
- Category: trade · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/64745-mexican-peso-falls-to-lowest-in-a-year-as-nafta-seen-delayed-bloomberg
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

Nafta uncertainty raises the risk to US corn and soymeal exports to Mexico, a major buyer, and a weaker peso makes US feed more expensive for Mexican buyers. This pressures US feed demand and prices.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2019-05-06 | [Trump Trade Tweets Send Grain Markets Diving to 42-Year Low - Bloomberg](https://feedsoft.ai/events/7488-trump-trade-tweets-send-grain-markets-diving-to-42-year-low-bloomberg.md) | -3.2% | +10.5% |
| CORN | 2017-06-16 | [U.S. Exports to Mexico Fall as Uncertainty Over Nafta Lingers](https://feedsoft.ai/events/70469-u-s-exports-to-mexico-fall-as-uncertainty-over-nafta-lingers.md) | -3.5% | -2.6% |
| CORN | 2019-11-13 | [Dollar falls against yen as investors shift to safe havens](https://feedsoft.ai/events/56316-dollar-falls-against-yen-as-investors-shift-to-safe-havens.md) | -0.8% | -4.5% |
| CORN | 2023-03-31 | [Mexico plans to ban all GMO corn. Now a key deadline looms as the U.S. pushes back](https://feedsoft.ai/events/36838-mexico-plans-to-ban-all-gmo-corn-now-a-key-deadline-looms-as-the-u-s-pushes-back.md) | -1.2% | -2.1% |
| CORN | 2017-03-27 | [Calling Donald Trump’s anti-NAFTA bluff, Mexico is looking to get its corn from elsewhere](https://feedsoft.ai/events/71979-calling-donald-trump-s-anti-nafta-bluff-mexico-is-looking-to-get-its-corn-from.md) | +1.6% | +1.0% |
| SBM | 2019-05-13 | [What Does the US Export to China? Soybeans Lowest in Decade - Bloomberg](https://feedsoft.ai/events/7754-what-does-the-us-export-to-china-soybeans-lowest-in-decade-bloomberg.md) | +3.6% | +10.3% |
| SBM | 2025-09-30 | [Oilseed prices fall to lowest levels in months](https://feedsoft.ai/events/22992-oilseed-prices-fall-to-lowest-levels-in-months.md) | +0.7% | +12.8% |
| SBM | 2017-06-16 | [U.S. Exports to Mexico Fall as Uncertainty Over Nafta Lingers](https://feedsoft.ai/events/70469-u-s-exports-to-mexico-fall-as-uncertainty-over-nafta-lingers.md) | -2.3% | +7.2% |

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-06-05/mexican-peso-heads-for-lowest-in-a-year-as-nafta-seen-delayed

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