# Mexican peso hits fresh lows ahead of Trump conference

> Mexico's peso fell to a historic low on Tuesday, closing down almost 2 percent at 21.801 per dollar. Traders avoided the currency ahead of Trump's first news conference since his election, and Mexico's central bank had intervened the previous week to slow the decline.

- Date: 2017-01-11 · published 2017-01-11T12:00:00.000Z
- Category: macro · region Mexico · magnitude medium
- Page: https://feedsoft.ai/events/73212-mexican-peso-hits-fresh-lows-ahead-of-trump-conference
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A record-weak peso and fears of trade rupture with Mexico, a major buyer of US corn and pork, weigh on US export demand expectations and add cost pressure for Mexican feed importers.

## Read by commodity

- CORN: bearish ▼
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-03-30 | [Trump continues to make the Mexican peso great again](https://feedsoft.ai/events/66218-trump-continues-to-make-the-mexican-peso-great-again.md) | +2.3% | +3.1% |
| CORN | 2025-03-31 | [Mexican Peso dwindles on recession jitters, awaits Trump’s announcement](https://feedsoft.ai/events/25796-mexican-peso-dwindles-on-recession-jitters-awaits-trump-s-announcement.md) | +0.4% | +4.2% |
| CORN | 2026-10-22 | [Weakened peso hits one-year low as US-Mexico rate gap narrows](https://feedsoft.ai/events/17269-weakened-peso-hits-one-year-low-as-us-mexico-rate-gap-narrows.md) | -1.2% | — |
| CORN | 2016-11-14 | [Mexico central bank seen hiking after peso's Trump tumble](https://feedsoft.ai/events/74066-mexico-central-bank-seen-hiking-after-peso-s-trump-tumble.md) | -3.6% | -0.7% |
| CORN | 2016-12-15 | [Fed lifts rates, sees faster pace of hikes in Trump's first year](https://feedsoft.ai/events/6463-fed-lifts-rates-sees-faster-pace-of-hikes-in-trump-s-first-year.md) | -2.2% | +0.5% |

## Sources

- reuters.com: https://www.reuters.com/article/emerging-markets-latam-idUSL1N1F101T/?feedName=usDollarRpt&feedType=RSS

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