# USD/MXN consolidates weekly gains after Banxico — Octa

> The Mexican peso held steady after Banxico kept its policy rate unchanged in a unanimous decision. USD/MXN traded near 18.17 after reaching 18.29, the highest in two months, before pulling back on broader US dollar weakness. Banxico said it will watch the exchange market and the earthquake's impact on prices, and warned NAFTA talks have worsened the growth risk balance.

- Date: 2017-09-28 · published 2017-09-28T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/69171-usd-mxn-consolidates-weekly-gains-after-banxico-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A firmer peso lowers the local-currency cost of imported feed ingredients for Mexican buyers, while a weaker peso raises it. The earthquake-related supply disruption and NAFTA uncertainty are the main risks to Mexican feed costs.

## Read by commodity

- USDMXN: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/494665/

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