Loading…
Oxford Economics forecasts the Mexican peso will appreciate 4.9% in 2023 to an average of 19.2 per dollar, a third consecutive year of gains. It says Mexico has become a safe haven for EM investors, though room for further gains may be limited.
The forecast of peso strength lowers the local-currency cost of imported feed inputs for Mexican buyers. It is a currency view and does not show a direct supply or demand change for grains.
oxfordeconomics.comSaarah GhaziMar 16, 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.
