# Mexico peso firms on rate hike bets, weaker U.S. dollar

> Latin American currencies gained on Thursday as the U.S. dollar's rally from a three-year low ran out of steam, with the Mexican peso rising more than 1 percent on bets Banco de Mexico could hike rates again. Minutes from the central bank's latest meeting flagged persistent inflation pressures.

- Date: 2018-02-22 · published 2018-02-22T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/66711-mexico-peso-firms-on-rate-hike-bets-weaker-u-s-dollar
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer peso and expectations of higher Mexican rates shift the cost of dollar-denominated feed imports for Mexican buyers, a modest macro signal for feed demand.

## Read by commodity

- DXY: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-09-30 | [Canadian dollar firms as softer U.S. inflation weighs on rate-hike bets By Investing.com](https://feedsoft.ai/events/17701-canadian-dollar-firms-as-softer-u-s-inflation-weighs-on-rate-hike-bets-by.md) | -0.1% | +0.7% |
| DXY | 2023-11-24 | [Dollar slips on bets US rates have peaked](https://feedsoft.ai/events/33363-dollar-slips-on-bets-us-rates-have-peaked.md) | -0.4% | -1.1% |
| DXY | 2026-09-01 | [Gold climbs on weaker dollar, easing Fed rate hike concerns](https://feedsoft.ai/events/17807-gold-climbs-on-weaker-dollar-easing-fed-rate-hike-concerns.md) | -0.6% | +2.1% |
| DXY | 2019-08-02 | [Dollar weakens as September rate cut bets mount](https://feedsoft.ai/events/57761-dollar-weakens-as-september-rate-cut-bets-mount.md) | +0.4% | +1.7% |
| DXY | 2022-07-18 | [Dollar retreats as rate hike bets ease](https://feedsoft.ai/events/40684-dollar-retreats-as-rate-hike-bets-ease.md) | -0.8% | -2.0% |

## Sources

- reuters.com: https://www.reuters.com/article/emerging-markets-latam/emerging-markets-mexico-peso-firms-on-rate-hike-bets-weaker-u-s-dollar-idUSL2N1QC2D2/?feedName=companyNews&feedType=RSS

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