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The Mexican peso traded near 17.40 per dollar, its strongest in seven years, and analysts expect further gains even though Banxico halted its nearly two-year rate-hike cycle. Analysts cite a still-attractive rate differential favoring the peso.
A strong peso lowers the local-currency cost of imported feed ingredients priced in dollars, easing Mexican feed buyers' costs and reducing pressure on import-dependent margins.
reuters.comNoe TorresMay 19, 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.
