# Mexican peso logs biggest quarterly gain since 1977

> The Mexican peso posted its largest quarterly gain since 1977, rising 10.8% against the dollar in the first quarter. The recovery followed a steep sell-off after Trump's election, aided by more conciliatory White House comments on trade.

- Date: 2017-03-31 · published 2017-03-31T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/72209-mexican-peso-logs-biggest-quarterly-gain-since-1977
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A stronger peso lowers the peso cost of imported US corn and soymeal, supporting Mexican demand, while reduced trade-war fears ease pressure on US export flows.

## Read by commodity

- CORN: bullish ▲
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2023-03-03 | [Dollar retreats, headed for biggest weekly loss since mid-January; bitcoin down](https://feedsoft.ai/events/37053-dollar-retreats-headed-for-biggest-weekly-loss-since-mid-january-bitcoin-down.md) | -1.1% | +0.8% |
| CORN | 2018-01-26 | [Dollar falls, set for biggest monthly drop in nearly 2 years](https://feedsoft.ai/events/10400-dollar-falls-set-for-biggest-monthly-drop-in-nearly-2-years.md) | +0.3% | +1.2% |
| CORN | 2022-11-11 | [Dollar set for biggest two-day fall since 2009 as rate outlook shifts](https://feedsoft.ai/events/38843-dollar-set-for-biggest-two-day-fall-since-2009-as-rate-outlook-shifts.md) | +3.0% | -3.8% |
| CORN | 2025-02-03 | [Brazil's real sets longest streak of gains in 20 years](https://feedsoft.ai/events/26255-brazil-s-real-sets-longest-streak-of-gains-in-20-years.md) | +0.6% | -3.9% |
| CORN | 2018-06-04 | [FoodFarmNews: China’s pig farmers plan to produce mega hog-farms to meet demands of world’s biggest pork market](https://feedsoft.ai/events/64512-foodfarmnews-china-s-pig-farmers-plan-to-produce-mega-hog-farms-to-meet-demands.md) | -2.0% | -7.4% |

## Sources

- ft.com: https://www.ft.com/content/5933cc9c-9b81-30d3-96df-3e0894d0371f

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