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Rabobank expects USD/MXN to trade between 19.85 and 20.20 in coming weeks before returning above 20.50 around mid-year. It says the peso, which has been the main LatAm underperformer this year, should catch up with regional currencies but gains may be limited.
The Russia-Ukraine war adds risk of safe-haven flows.
A firmer peso in the near term lowers dollar-denominated feed import costs for Mexico. Risk-off episodes could reverse this quickly, raising costs for Mexican feed buyers.
octaafrica.netMar 31, 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.
