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Mexico's CPI inflation stalled at 7.82% year on year in December, after peaking at 8.70% in August and September. Core CPI eased to 8.35%.
USD/MXN fell toward 19.06, near late-November lows.
Persistent Mexican inflation and the prospect of further Banxico hikes support the peso, which lowers the peso cost of dollar-priced feed imports. A firmer peso reduces the import-cost pressure on Mexican feed buyers.
forex.comGlobal authorJan 10, 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.
