# Mexico's Peso Rallies as Risks Recede -- Update | Fox Business

> The Mexican peso hit its strongest level of 2017, with USD/MXN falling under 18 for the first time since August 2016. The gains followed a June 4 state election won by the ruling party, which reduced fears of a leftist win in the 2018 presidential race.

- Date: 2017-06-14 · published 2017-06-14T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/70735-mexico-s-peso-rallies-as-risks-recede-update-fox-business
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Lower political risk strengthens the peso, which lowers the cost of dollar-priced feed imports for Mexican buyers. The effect is on currency conversion rather than on feed supply.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- foxbusiness.com: https://www.foxbusiness.com/features/mexicos-peso-rallies-as-risks-recede-update

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