# USD/MXN back below 18.00, near 2017 lows — Octa

> USD/MXN fell back below 18.00 and traded near 17.85, close to its 2017 low, as the US dollar weakened broadly. Crude oil's recovery also supported the peso, and the Mexican currency has gained about 15% year to date.

- Date: 2017-06-28 · published 2017-06-28T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/70733-usd-mxn-back-below-18-00-near-2017-lows-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A firmer peso reduces the local-currency cost of imported US feed grains and meal for Mexican buyers. Its direction is driven by dollar weakness and oil, not by a change in feed supply.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/459153/

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