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The Mexican peso has lost about 2.7% against the dollar since reaching a five-year high on March 3, after a sharp reversal driven by weaker risk appetite following banking sector turbulence. Analysts say the outlook depends on US Federal Reserve policy and global economic shocks.
The reversal in the peso raises the local-currency cost of US feed grain and meal imports for Mexican buyers, though the effect on US futures prices is modest.
ilscompany.comAlexandra FloresApr 25, 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.
