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Judges and magistrates joined a strike on August 21 in protest against a judicial reform pushed by outgoing President Lopez Obrador. The peso fell more than 2% in afternoon trade and Mexico's stock market dropped 0.6%.
A sharp peso sell-off raises the cost of dollar-priced feed imports for Mexican buyers. Continued political unrest could keep this currency pressure in place.
reuters.comDiego OréAug 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.
