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Commerzbank says consensus expects Mexico's Q1 GDP to rise about 1% quarter-on-quarter, after stagnation in the prior quarter. Economists warn a downside surprise would reduce expectations for Banxico rate hikes and weigh on the peso.
Inflation has risen above 7%, complicating the central bank's policy choices.
Weak growth and possible rate-path changes move the peso, which affects Mexican buyers' import costs for feed ingredients; the impact on global grain prices is limited.
teletrade.orgApr 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.
