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Mexico's proxy for monthly GDP dipped 0.1 percent in November after four months of gains. Formal sector jobs fell for the first time since January 2021, and November CPI rose 7.8 percent year on year, while the peso strengthened.
Softer domestic activity and weaker employment could reduce demand for meat and feed in Mexico, while the stronger peso eases the cost of dollar-priced grain and meal imports.
dallasfed.orgJesus Cañas, Ana PrangerDec 27, 2022Not enough comparable past events yet for a historical read.
Not 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.
