Loading…
The Mexican peso briefly strengthened below 18 per dollar on Tuesday, reaching 17.93 before retreating to about 18.03 by midday. The move followed stronger-than-expected third-quarter Mexican growth data and reduced risk aversion as Middle East tensions eased.
A firmer peso lowers the local cost of US feed grain and meal imports for Mexican buyers, a modest supportive factor for demand, though the move is small and reversed intraday.
mexiconewsdaily.comMND StaffOct 31, 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.
