# Mexico peso dips even as central bank intervenes

> The Mexican peso weakened slightly on March 6 even after the central bank sold $1 billion of a new peso hedge instrument, with total demand reaching $2.075 billion. The currency had rebounded on hopes for a US-Mexico trade deal, and other Latin American currencies also fell as riskier assets slipped.

- Date: 2017-03-06 · published 2017-03-06T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/72211-mexico-peso-dips-even-as-central-bank-intervenes
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Central bank intervention signals official effort to stabilize the peso, which affects the cost of US feed exports to Mexico, a major buyer of US corn.

## Read by commodity

- USDMXN: neutral

## Sources

- reuters.com: https://www.reuters.com/article/emerging-markets-latam/emerging-markets-mexico-peso-dips-even-as-central-bank-intervenes-idUKL2N1GJ1FM/

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