# Mexico peso hits 4-month low ahead of NAFTA talks

> Mexico's peso slipped 0.7% to 18.675 per dollar, its weakest in more than four months, in line with losses in other Latin American currencies. The move followed US wage data that raised bets on faster Federal Reserve rate hikes and came ahead of a fourth round of NAFTA talks.

- Date: 2017-10-09 · published 2017-10-09T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/68693-mexico-peso-hits-4-month-low-ahead-of-nafta-talks
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker peso raises the local cost of US feed and grain imports, and fears of US protectionism threaten Mexico's main export market. Both factors can weigh on Mexican feed demand.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/emerging-markets-latam/emerging-markets-mexico-peso-hits-4-month-low-ahead-of-nafta-talks-idUSL2N1MK136/

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