
The peso closed the week of May 23 at its strongest level since Claudia Sheinbaum took office, gaining 2.3% against the dollar. The US Dollar Index fell 2.06% to 99.10 over the same period amid trade tensions between the US and China.
Other currencies including the Brazilian real and the euro also gained against the dollar.
Broad dollar weakness makes US commodities cheaper for buyers using other currencies, which can support export demand. The move is mostly macro-driven and its effect on feed prices is limited.
Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.