# FxWirePro: Surging Mexican trade balance due to rising exports to fuel USD/MXN appreciation – Moneyness of vanilla options for exports payables | EconoTimes

> The Mexican peso was among the worst EM currency performers over two months, with USD/MXN rising to about 20.77 and up 20 percent year-on-year. Mexico recorded a $200 million trade surplus in November, with manufactured and oil exports rising.

- Date: 2016-12-28 · published 2016-12-28T12:00:00.000Z
- Category: trade · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/73687-fxwirepro-surging-mexican-trade-balance-due-to-rising-exports-to-fuel-usd-mxn
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A widening trade surplus supports the peso, but the currency's weakness keeps dollar-priced feed imports expensive for Mexican buyers; the story is mainly currency commentary.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- econotimes.com: https://econotimes.com/FxWirePro-Surging-Mexican-trade-balance-due-to-rising-exports-to-fuel-USD-MXN-appreciation--Moneyness-of-vanilla-options-for-exports-payables-466919

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