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The Mexican peso's one-month implied volatility briefly rose above 22.43%, the highest since April 2020. The currency, down about 15% this year, is viewed as one of the most vulnerable emerging-market currencies should Donald Trump impose stiff tariffs.
Expected tariff risk on Mexican goods raises the chance of a sharper peso sell-off, which would affect the cost of US feed grains and meal bought by Mexican feed producers. Higher volatility also raises hedging costs for importers.
bloomberg.comVinicius AndradeOct 23, 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.
