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Mexico's January inflation rose to 7.91%, prompting the central bank to lift its key rate to 11%, the highest since 2007. The peso gained 0.9% against the dollar after the decision.
Tighter Mexican policy supports the peso and raises the local-currency value of its dollar-linked assets. For feed buyers, a firmer peso eases the cost of dollar-priced imports.
apnews.comFeb 9, 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.
