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The Mexican peso dipped modestly against the dollar on December 7 at about 17.32 after Mexico's November CPI rose to 4.32% year on year, slightly below forecast. Core inflation slowed to 5.30%, and the dollar index traded near 103.81.
Sticky inflation may keep Banxico rates high for longer, supporting the peso, which matters for the dollar cost of Mexican feed imports.
octaafrica.netDec 7, 2023Not 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.
