# Why the Canadian Dollar and Mexican Peso Have Diverged Recently

> The Mexican peso is up 6.7% against the dollar this year, the best performer among 16 currencies tracked by the WSJ Dollar Index. The Canadian dollar has fallen 2.6% against the U.S. currency, ranking near the bottom.

- Date: 2018-03-21 · published 2018-03-21T12:00:00.000Z
- Category: macro · region North America · magnitude low
- Page: https://feedsoft.ai/events/66219-why-the-canadian-dollar-and-mexican-peso-have-diverged-recently
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Canadian Dollar (CAD per USD)](https://feedsoft.ai/c/USDCAD.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Currency divergence changes the relative cost of Canadian and Mexican purchases of US and Canadian feed commodities, with a weaker loonie potentially supporting Canadian canola meal competitiveness.

## Read by commodity

- USDCAD: bullish ▲
- USDMXN: bearish ▼
- CANMEAL: neutral

## Sources

- wsj.com: https://www.wsj.com/articles/why-the-canadian-dollar-and-mexican-peso-have-diverged-recently-1521633600?mod=e2twg

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