Loading…
Bloomberg reports that the carry trade that had profited from borrowing cheaply to buy Mexican assets has been upended since the June 2 election. The article describes a sudden shift in investor sentiment toward the peso.
Unwinding of carry positions pressures the peso, which raises the peso cost of imported feed ingredients and can reduce Mexican demand for US feed grains and meal.
bloomberg.comMaria Elena VizcainoJun 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.
