# USD/MXN drops to 1-year lows under 17.90 — Octa

> USD/MXN dropped below 17.90 and touched 17.81, the lowest level since May 2016, as emerging-market currencies gained. Support came from improved risk appetite, a mild rebound in crude oil and a recent Banxico rate hike.

- Date: 2017-06-26 · published 2017-06-26T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/70734-usd-mxn-drops-to-1-year-lows-under-17-90-octa
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger peso lowers the cost of dollar-priced feed imports for Mexico. The move reflects currency and risk sentiment rather than a change in grain or meal supply.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/458070/

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