# Peso falls to session lows after meeting between US and Mexico presidents falls through

> The dollar hit a session high against the Mexican peso after Mexican President Enrique Pena Nieto said he would not attend a scheduled meeting with Donald Trump. The move came as higher global bond yields and stable stock markets supported the greenback.

- Date: 2017-01-26 · published 2017-01-26T12:00:00.000Z
- Category: geopolitics · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/73207-peso-falls-to-session-lows-after-meeting-between-us-and-mexico-presidents-falls
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Corn](https://feedsoft.ai/c/CORN.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

The collapse of the planned summit raises the risk of trade confrontation between the two largest US feed-grain and meat trading partners, pressuring demand expectations for US exports to Mexico.

## Read by commodity

- CORN: bearish ▼
- HOGS: bearish ▼
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2026-04-17 | [Russian wheat exports through Caspian Sea resume after long hiatus](https://feedsoft.ai/events/14121-russian-wheat-exports-through-caspian-sea-resume-after-long-hiatus.md) | +1.4% | +2.4% |
| CORN | 2017-05-03 | [Pro-Trump farmers worry they'll lose lucrative GMO corn exports to Mexico if president rolls back NAFTA - Genetic Literacy Project](https://feedsoft.ai/events/70976-pro-trump-farmers-worry-they-ll-lose-lucrative-gmo-corn-exports-to-mexico-if.md) | +0.5% | +1.2% |
| CORN | 2022-06-02 | [Ukraine seeks UN-backed mission to export grain shipments through Black Sea](https://feedsoft.ai/events/14479-ukraine-seeks-un-backed-mission-to-export-grain-shipments-through-black-sea.md) | +4.8% | +3.2% |
| CORN | 2020-05-29 | [CME update: lean hog futures slide amid diplomatic tensions between the US and China
						 \| The Pig Site](https://feedsoft.ai/events/53265-cme-update-lean-hog-futures-slide-amid-diplomatic-tensions-between-the-us-and.md) | +1.0% | -0.9% |
| CORN | 2026-10-23 | [Wheat prices fall to 14-week low on Black Sea hopes \| Peepals](https://feedsoft.ai/events/449-wheat-prices-fall-to-14-week-low-on-black-sea-hopes-peepals.md) | -0.6% | — |
| HOGS | 2020-05-29 | [CME update: lean hog futures slide amid diplomatic tensions between the US and China
						 \| The Pig Site](https://feedsoft.ai/events/53265-cme-update-lean-hog-futures-slide-amid-diplomatic-tensions-between-the-us-and.md) | -12.3% | -19.6% |
| HOGS | 2022-04-25 | [China Lockdown Angst Rips Through Markets; CSI 300 Stocks, Yuan (CNY/USD) Plunge - Bloomberg](https://feedsoft.ai/events/7338-china-lockdown-angst-rips-through-markets-csi-300-stocks-yuan-cny-usd-plunge.md) | -5.4% | -1.6% |
| HOGS | 2019-06-06 | [Canada frets about potential Chinese crackdown on more exports, mulls Xi meeting](https://feedsoft.ai/events/58582-canada-frets-about-potential-chinese-crackdown-on-more-exports-mulls-xi-meeting.md) | -1.3% | -7.3% |

## Sources

- cnbc.com: https://www.cnbc.com/2017/01/25/dollar-wallows-near-7-week-lows-on-trump-protectionism.html

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