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The Mexican peso gained over 0.7% against the dollar as the greenback weakened following Japanese authorities' currency intervention. Traders were focused on Mexico's upcoming GDP release and the Federal Reserve's policy decision due Wednesday.
Currency swings alter the cost of US feed exports to Mexico, Latin America's largest feed importer. A softer dollar is mildly supportive for dollar-priced grains and meal.
fxstreet.comChristian Borjon ValenciaApr 29, 2024Not enough comparable past events yet for a historical read.
Not 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.
