# USD/MXN rises for the third day in a row despite Mexican GDP data — Octa

> The Mexican peso fell against the US dollar for a third straight session, with USD/MXN peaking at 17.89, a two-week high, despite stronger-than-expected Mexican Q2 GDP growth of 0.6% quarter on quarter. The pair was still set to finish July down about 1.6%.

- Date: 2017-07-31 · published 2017-07-31T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/70172-usd-mxn-rises-for-the-third-day-in-a-row-despite-mexican-gdp-data-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker peso lifts the cost of Mexican imports, including feed ingredients, while the dollar strength and firmer macro data signal a currency move rather than a direct grain supply change.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/472487/

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