# ‘Desperate measures’: analysts react to Mexico’s $20bn peso plan

> Mexico's central bank unveiled a $20 billion currency hedging programme that lets policymakers counter peso volatility without using foreign exchange reserves. The peso held near a three-month high of 19.70 per dollar after hitting an all-time low of 21.95 following Trump's election.

- Date: 2017-02-22 · published 2017-02-22T12:00:00.000Z
- Category: macro · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/72714-desperate-measures-analysts-react-to-mexico-s-20bn-peso-plan
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

The currency support lowers the peso cost of imported US grain and feed ingredients, which can sustain Mexican buying interest for US corn and soymeal.

## Read by commodity

- CORN: neutral
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-03-27 | [Mexican peso slides past 18 as Iran war pressures mount](https://feedsoft.ai/events/20378-mexican-peso-slides-past-18-as-iran-war-pressures-mount.md) | -2.9% | -1.9% |
| CORN | 2024-09-30 | [Mexican Peso ticks downward in wake of Powell's remarks](https://feedsoft.ai/events/28533-mexican-peso-ticks-downward-in-wake-of-powell-s-remarks.md) | +1.0% | -0.6% |
| CORN | 2017-01-30 | [Mexico peso firms to year high on U.S. trade talk optimism](https://feedsoft.ai/events/73196-mexico-peso-firms-to-year-high-on-u-s-trade-talk-optimism.md) | +2.0% | +1.2% |
| CORN | 2017-02-21 | [Mexico announces forex hedge program, peso jumps 2%](https://feedsoft.ai/events/72713-mexico-announces-forex-hedge-program-peso-jumps-2.md) | -1.0% | -1.0% |
| CORN | 2017-02-28 | [Trump Was Going to Kill Mexico’s Peso. It’s Doing Just Fine - Bloomberg](https://feedsoft.ai/events/72712-trump-was-going-to-kill-mexico-s-peso-it-s-doing-just-fine-bloomberg.md) | +0.9% | -1.1% |

## Sources

- ft.com: https://www.ft.com/content/fa767c22-99b9-3d73-a11a-e960269fa9d1?syn-25a6b1a6=1

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