Loading…
Banxico Deputy Governor Jonathan Heath said judicial reform is only one of several factors pressuring the peso and not the main driver. He noted the central bank holds about $220 billion in reserves and has credit and swap lines available to smooth volatility.
Central bank reserves and backstops reduce the likelihood of a disorderly peso collapse, which limits the downside risk to Mexican feed import costs and US export demand.
mexico-now.comMEXICONOWJun 28, 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.
