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The Mexican peso strengthened against the US dollar on Thursday after weak US jobs data and renewed selling of the greenback. Banxico minutes highlighted economic uncertainty, and USD/MXN slipped back below 19.40.
Traders also noted a court ruling against Trump's reciprocal tariffs and an appeal of that ruling.
A firmer peso lowers the peso cost of US feed and grain imports for Mexican buyers. The move mainly reflects dollar weakness and has little direct effect on commodity prices.
fxstreet.comTammy Da Costa, CFTe®May 29, 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.
