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Commerzbank analysts expect Banxico to keep a hawkish stance ahead of its next rate decision, citing the Fed's higher-for-longer outlook. They forecast continued peso strength for the time being.
A forecast of a stronger peso would lower Mexican feed import costs in dollar terms, but this is an analyst outlook rather than a new driver.
octaafrica.netSep 22, 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.
