# Mexico peso firms to year high on U.S. trade talk optimism

> Mexico's peso traded at its strongest level of the year on Monday, gaining over 1 percent against the dollar. The move was supported by expectations of progress in U.S. trade talks before it slipped back to around 20.75 per dollar.

- Date: 2017-01-30 · published 2017-01-30T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/73196-mexico-peso-firms-to-year-high-on-u-s-trade-talk-optimism
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A firmer peso lowers the cost of dollar-priced US feed and grain imports for Mexican buyers, while trade-talk optimism reduces fears of disruption to US-Mexico agricultural flows.

## Read by commodity

- CORN: neutral
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2016-12-03 | [Mexico peso edges up, but Trump trade risks loom](https://feedsoft.ai/events/73673-mexico-peso-edges-up-but-trump-trade-risks-loom.md) | +4.1% | +2.4% |
| CORN | 2022-01-24 | [Optimism, higher cattle prices to start 2022](https://feedsoft.ai/events/43088-optimism-higher-cattle-prices-to-start-2022.md) | +1.9% | +6.8% |
| 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% |
| CORN | 2025-02-03 | [Mexican peso rallies after touching 3-year low as tariffs delayed](https://feedsoft.ai/events/26261-mexican-peso-rallies-after-touching-3-year-low-as-tariffs-delayed.md) | +0.6% | -3.9% |
| CORN | 2017-02-22 | [‘Desperate measures’: analysts react to Mexico’s $20bn peso plan](https://feedsoft.ai/events/72714-desperate-measures-analysts-react-to-mexico-s-20bn-peso-plan.md) | -0.1% | -1.6% |

## Sources

- reuters.com: https://www.reuters.com/article/mexico-peso-idUSL1N1FK12L/?feedName=usDollarRpt&feedType=RSS

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