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Monex analysts expect the Mexican peso to stay stable and possibly rise toward 19 per dollar in 2023, helped by nearshoring investment as Chinese companies relocate to northern Mexico. They noted that investment plans have increased but have not yet materialized, and that high interest rates could make relocation more costly.
Investment could begin in the second half of 2023.
Nearshoring-driven investment supports Mexico's economic growth and currency, which affects the purchasing power of Mexican feed buyers and the long-term demand for imported feed ingredients.
bloomberglinea.comEstephanie SuárezNov 16, 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.
