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Analysis explains the peso's appreciation since mid-2020, attributing it largely to nearshoring, strong remittances and a healthy fiscal position. The peso has risen nearly 14% against the dollar in 2023.
Background currency analysis with limited direct price impact on feed markets; a stronger peso supports Mexican import purchasing power.
bloomberglinea.comEstephanie Suárez (EN, Arturo Solís (EN, Francisco Aldaya (ENAug 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.
