# USD/MXN: Peso remains strong after cabinet reshuffle in Mexico — Octa

> The Mexican peso held steady after Mexico's cabinet reshuffle, with José Antonio Meade resigning as finance minister and Alejandro Díaz de León named the next Banxico governor. USD/MXN hovered near 18.50, close to its lowest level in over a month. The new governor warned that inflation may not fall as forecast.

- Date: 2017-11-29 · published 2017-11-29T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/68193-usd-mxn-peso-remains-strong-after-cabinet-reshuffle-in-mexico-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Feed buyers importing into Mexico see little direct price effect from this currency move. A steadier peso supports Mexican import purchasing power, but the inflation warning points to some domestic cost pressure.

## Read by commodity

- USDMXN: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/516179/

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