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Foreign capital returned to Mexico in 2022 after earlier outflows. Demand grew after Banxico accelerated interest rate hikes to fight inflation.
The peso gained 5% against the U.S. dollar over the year.
A stronger peso makes Mexican imports cheaper and Mexican-bound U.S. feed and grain exports relatively more expensive, which can soften Mexican demand at the margin.
reuters.comNoe TorresJan 11, 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.
