# USD/MXN tumbles more than 2% from weekly highs, falls below 19.00 — Octa

> USD/MXN fell more than 2% from its weekly high, dropping below 19.00 after reaching 19.37 on Wednesday. The move followed a broad dollar slide against Latin American currencies and some optimism around the fifth round of NAFTA negotiations. Mexican officials proposed reviewing the agreement every five years while keeping it intact.

- Date: 2017-11-17 · published 2017-11-17T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/68195-usd-mxn-tumbles-more-than-2-from-weekly-highs-falls-below-19-00-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A firmer peso reduces the cost of dollar-priced grain and oilseed imports for Mexican feed mills. Progress on NAFTA would support continued US feed grain and meal exports to Mexico.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/512547/

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