# USD/MXN rises for the third day in a row despite oil rally — Octa

> USD/MXN rose for a third consecutive day to 17.78, its strongest level in a week, even as crude oil gained 3%. Mexico's CPI rose 0.24% in the first half of July, with annual inflation easing to 6.28% from 6.33%.

- Date: 2017-07-25 · published 2017-07-25T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/70173-usd-mxn-rises-for-the-third-day-in-a-row-despite-oil-rally-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Peso moves affect Mexican feed import costs, and the easing inflation reduces pressure for further Bank of Mexico rate hikes, which is a currency-driven rather than crop-driven signal.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/469988/

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