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The peso weakened to 17.47 per US dollar on September 26, after reaching a three-month high of 17.6 in early September. Analysts linked the move to a stronger US dollar index and Minneapolis Fed President Kashkari's comments that rates may need to rise further.
A firmer dollar against the peso raises the cost of US feed ingredient imports for Mexico, though the move is a routine FX fluctuation.
mexiconewsdaily.comMND StaffSep 26, 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.
