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The Mexican peso weakened after weaker-than-expected September retail sales fell 1.5% year on year. It also fell after Congress passed reforms to autonomous bodies and geopolitical tensions rose.
Weaker consumer demand could lead Banxico to cut rates faster, which tends to pressure the peso and raises the dollar cost of imports for Mexican feed buyers.
fxstreet.comJoaquin MonfortNov 21, 2024Not 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.
