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The Mexican peso kept appreciating after Banxico's March 30 decision, closing at 18.08 per dollar. It has gained 2.82% over five days and 7.24% year to date.
Analysts expect the peso to come under pressure once the terminal rate is reached, which would make dollar-denominated feed imports dearer in pesos. The effect on grain markets is small.
mexicobusiness.newsMar 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.
