# MXN Gains With Oil Prices | Exchange Rates UK

> The Mexican peso gained as a broad weakening of the US dollar and rising oil prices improved the outlook for the oil-exporting Mexican economy. Talks on NAFTA, which concluded without progress, kept the peso's upside limited. Speculative long positions in the peso were also reported to be about half their July peak.

- Date: 2017-11-23 · published 2017-11-23T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/68194-mxn-gains-with-oil-prices-exchange-rates-uk
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher oil prices lift Mexico's export income and support the peso, which can ease Mexican feed import costs. The NAFTA uncertainty remains a risk to US-Mexico agricultural trade flows.

## Read by commodity

- WTI: bullish ▲
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2026-05-28 | [Palm Oil Prices Rise As Crude Oil Gains - Finimize](https://feedsoft.ai/events/19380-palm-oil-prices-rise-as-crude-oil-gains-finimize.md) | +8.1% | -20.5% |
| WTI | 2017-08-04 | [Oil prices rise after strong US jobs data; rising exports cap gains](https://feedsoft.ai/events/69651-oil-prices-rise-after-strong-us-jobs-data-rising-exports-cap-gains.md) | -1.0% | -3.6% |
| WTI | 2024-12-24 | [Oil prices up on US growth data](https://feedsoft.ai/events/27128-oil-prices-up-on-us-growth-data.md) | +4.0% | +7.9% |
| WTI | 2023-05-24 | [Oil prices gain 2% on falling U.S. stockpiles, Saudi warning \| Reuters](https://feedsoft.ai/events/36100-oil-prices-gain-2-on-falling-u-s-stockpiles-saudi-warning-reuters.md) | -6.6% | -4.9% |
| WTI | 2016-12-05 | [The good oil on grain prices… - Grain Central](https://feedsoft.ai/events/73542-the-good-oil-on-grain-prices-grain-central.md) | -0.4% | +1.3% |

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/19752/mxn-gains-with-oil-prices.html

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