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The dollar jumped more than 2.5% against the Mexican peso to its highest since July 2022 in New York trade, surpassing its November 6 peak. The move followed Trump's vow to impose tariffs, and the peso was last at 20.685 per dollar.
Tariff threats on Mexico and Canada weaken their currencies and raise the dollar cost of imports from those countries, which can hit feed and meal demand and shift export flows.
reuters.comAlden BentleyNov 26, 2024Not enough comparable past events yet for a historical read.
After 45 past bullish trade events, US Dollar (Broad) moved a median -0.0% over 5 sessions (42% higher; middle half -0.3% to +0.4%), and -0.0% 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.
