# Mexico's Peso Is Expected to Make a Big Comeback

> Forecasts cited by Bloomberg expect the Mexican peso to be the best-performing major currency in the first half of 2018. The peso fell to a nine-month low on Dec. 26 amid worries about a U.S. exit from Nafta and a possible win for Andres Manuel Lopez Obrador in Mexico's July election. The currency lost about a third of its value over the past four years.

- Date: 2018-02-01 · published 2018-02-01T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/67242-mexico-s-peso-is-expected-to-make-a-big-comeback
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger peso lowers the peso cost of dollar-priced feed imports, which matters for Mexican feed buyers. The outlook points to a weaker USDMXN if the forecast holds.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-01-04/mexican-peso-seen-reinvented-as-world-s-best-performing-currency

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