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USD/MXN rose after Mexico's Q2 GDP growth came in at 0.8% QoQ, below the 1% forecast. US job openings also fell sharply, while Banxico held its rate at 11.25%.
Weaker Mexican growth may dampen feed demand from the livestock sector over time, while the peso move modestly raises dollar-denominated import costs.
octaafrica.netAug 29, 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.
