# Peso pushes higher after Banxico raises rates

> The Mexican peso climbed to its strongest level since the day after Donald Trump's election, trading up 0.4% against the dollar at 18.616 per USD. The move followed Banxico's quarter-point rate hike to 6.5% aimed at cooling rising inflation.

- Date: 2017-03-30 · published 2017-03-30T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/72208-peso-pushes-higher-after-banxico-raises-rates
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Higher Mexican rates and a firmer peso make dollar-priced US feed and grain imports cheaper for Mexican buyers, which can support US corn and DDGS export demand at the margin.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- ft.com: https://www.ft.com/content/5312f658-b5ea-35f6-9891-8ca5c723c185?syn-25a6b1a6=1

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