# USD/MXN corrects lower, a top in place? — Octa

> The Mexican peso recovered from a 16-month low hit the previous week, with USD/MXN falling toward 20.50. Analysts flagged the upcoming CPI data, the Banxico decision and the July 1 presidential election as key events.

- Date: 2018-06-18 · published 2018-06-18T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/64749-usd-mxn-corrects-lower-a-top-in-place-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Peso volatility ahead of the election and a possible rate hike changes the cost of US feed imports for Mexican buyers. The effect on grain prices is indirect and limited.

## Read by commodity

- USDMXN: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/581138/

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