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Markets are weighing a Beijing stimulus package, and carry trades have held up despite a shift in Bank of Japan policy. The Mexican peso jumped 2.3% on Friday and neared its highest level since 2014.
The gap between Japanese and emerging-market interest rates remains large.
Changes in Japanese rate policy and Chinese stimulus shape global risk appetite and currency flows. Those flows affect the cost of dollar-priced imports for emerging-market feed buyers, but no direct commodity supply change is described.
reuters.comJul 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.
