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A State Street Markets macro note says AMLO has favored a strong peso, which kept it firm alongside the dollar. It notes the president-elect's political preference on the exchange rate may shift as growth slows.
The note frames the currency outlook around the incoming administration.
A possible shift toward a weaker peso preference would raise the local cost of imported feed ingredients. The note is a view on policy direction rather than a discrete event.
globalmarkets.statestreet.comMay 24, 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.
