# Mexican Peso Falls To Its Lowest Level Since March : NPR

> The Mexican peso fell to its weakest level in nearly 10 months after the passage of the US tax overhaul, which raised fears that Mexico could lose foreign investment. Mexico's central bank sold an additional $500 million in currency contracts, but the peso did not rally. Consumers say prices for staples and natural gas have risen.

- Date: 2017-12-28 · published 2017-12-28T12:00:00.000Z
- Category: macro · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/67703-mexican-peso-falls-to-its-lowest-level-since-march-npr
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker peso raises the peso cost of imported US feed ingredients and energy for Mexican buyers, which can squeeze feed margins and dampen demand for US grain and meal.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- npr.org: https://www.npr.org/2017/12/28/573995892/mexican-peso-falls-to-its-lowest-level-since-march

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