# Mexico Moves to Shore Up Peso With Increased Dollar Hedges  - WSJ

> Mexico's foreign exchange commission said the central bank will sell an additional $4 billion in dollar hedges, starting with a $1 billion auction on Thursday. The move responds to the peso trading at a six-month low against the dollar amid concern about the future of NAFTA.

- Date: 2017-10-25 · published 2017-10-25T12:00:00.000Z
- Category: macro · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/68689-mexico-moves-to-shore-up-peso-with-increased-dollar-hedges-wsj
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Dollar sales to support the peso can slow the currency's slide, which affects the cost of imported feed ingredients for Mexican buyers. NAFTA uncertainty weighing on the peso also bears on Mexico's US grain purchases.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- wsj.com: https://www.wsj.com/articles/mexico-moves-to-shore-up-peso-with-increased-dollar-hedges-1508940943

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