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The Mexican peso snapped a three-day losing streak, while Colombia's peso led weekly gains on higher crude prices following OPEC+ production cuts. Brazil's real slipped 0.6% on the day.
Oil-linked currency strength in Colombia reflects the energy price rally that also supports soyoil and palm oil through biofuel economics; the peso moves themselves have limited direct effect on feed prices.
kitco.comApr 6, 2023Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
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.
