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The Mexican peso slid past 18.80 per USD to a one-month low as the broad US dollar rebounded. The dollar was supported by a 3% annualized US Q2 GDP print and US trade agreements with the EU and Japan that eased tariff fears.
Mexico's Q2 GDP growth of 0.7% q/q beat consensus, but the peso only partly cushioned the dollar's strength.
A weaker peso raises the cost of dollar-priced feed imports for Mexican buyers, which can dampen their purchasing of US corn and soymeal at the margin. The effect on grain prices is modest.
tradingview.comJul 30, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
