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Rabobank forecasts the US dollar will rise to 19.0 per MXN in three months as the peso's rally loses steam. It attributes the peso's recent strength to carry-trade appeal, which it expects to fade as Banxico cuts rates.
Rabobank also flags Mexico's slowing growth and exposure to US tariffs, with exports to the US above 80% of total exports.
A forecast peso depreciation would make dollar-priced feed imports more expensive for Mexican buyers, a modest negative for US feed-grain export demand. The forecast itself is not a price-moving event.
exchangerates.org.ukDave TaylorJul 31, 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.
