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The peso sank for a second session on June 4 after an unexpected landslide election win by the ruling party. It fell as much as 2.9% to 18.1936 per dollar, and Mexico's benchmark stock index dropped 6.1%.
The sharp peso sell-off raises the local currency cost of imported feed ingredients, which can weigh on Mexican import demand for US grains and meals.
bloomberg.comMichael O'Boyle, Colleen Goko-PetzerJun 4, 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.
