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Mexico's peso fell against the U.S. dollar for a seventh straight session on Friday, Nov 26. It traded as much as 2.75% weaker at 22.1510 per dollar, its weakest since Sept.
30, 2020, before paring losses to about 1.77%. The move followed risk aversion after a new coronavirus variant raised concern about the global economic recovery.
A weaker peso raises the cost of dollar-priced feed and grain imports for Mexican buyers, while risk-off sentiment can pressure commodity prices broadly.
reuters.comNov 26, 2021Not 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.
