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Goldman Sachs and BBVA see dollar weakness boosting the Mexican peso, which had surged as the dollar fell. The currency had also been dubbed the super peso after its rally.
Expected peso strength lowers the local cost of dollar-priced feed imports into Mexico, but the story is a routine currency outlook with no new supply or demand driver for grains.
bloomberg.comZijia Song, Michael O'BoyleJun 1, 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.
