Loading…
The Mexican peso rallied to its strongest level against the US dollar since 2015, with USD/MXN nearing 17.00. Analysts attribute the move to wide interest-rate differentials, nearshoring investment and strong US employment data.
A strong peso lowers the peso cost of US feed grain and meal imports, which can modestly support Mexican demand for US product only if the currency holds.
tastyfx.comFrank KabernaMar 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.
