# USD/MXN remains above 19.00, holding at highest since April — Octa

> The USD/MXN pair held above 19.00, near its highest level since April, with the peso under pressure from NAFTA concerns and a stronger dollar. Mexico's economy contracted 0.2% in the third quarter, its first contraction since 2013.

- Date: 2017-10-31 · published 2017-10-31T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/68691-usd-mxn-remains-above-19-00-holding-at-highest-since-april-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker peso raises the peso cost of US grain and feed imports, which can dampen Mexican buying. Slowing economic activity also reduces feed demand.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/506029/

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