# Mexico peso edges up, but Trump trade risks loom

> The Mexican peso ended the week up about 0.3 percent at 20.64 per dollar after a record low following Trump's election victory. Analysts at Banorte warned that concerns over changes to US-Mexico trade would keep weighing on the currency, projecting 21.50 by year-end.

- Date: 2016-12-03 · published 2016-12-03T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/73673-mexico-peso-edges-up-but-trump-trade-risks-loom
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Peso weakness lowers the cost of Mexican imports of US feed grains and meal in dollar terms only if the currency stays weak, while trade-policy risk to Mexico, a major buyer of US corn, can reduce feed demand.

## Read by commodity

- CORN: neutral
- USDMXN: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 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 | 2017-02-22 | [Mexico to offer up to USD$20 billion in forex hedges to aid battered peso \| El Universal](https://feedsoft.ai/events/72717-mexico-to-offer-up-to-usd-20-billion-in-forex-hedges-to-aid-battered-peso-el.md) | -0.1% | -1.6% |
| 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 | 2017-02-22 | [‘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/emerging-markets-latam-idUSL1N1DY00S/?feedName=usDollarRpt&feedType=RSS

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