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Mexico's peso is ending 2022 with one of its strongest performances in a decade. Analysts warn the gains could be wiped out in 2023 as the Bank of Mexico's rate hiking cycle ends and the United States may enter recession.
A weaker peso would make Mexican feed and grain imports cheaper in pesos but dollar-priced commodities relatively costlier for Mexican buyers, while a stronger dollar tends to pressure US-priced grain and meal demand from Mexico.
reuters.comNoe TorresDec 29, 2022Not 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.
