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Bets that the Mexican peso will weaken further have grown as investors expect the U.S. Federal Reserve to raise interest rates to fight inflation. U.S. inflation is at its highest in almost four years and is expected to keep accelerating.
Mexico's economy contracted 8.5% last year and suffered a setback in July through September.
Expected U.S. rate hikes tend to strengthen the dollar, which raises import costs for Mexican feed buyers and can weigh on dollar-denominated commodity prices.
reuters.comNoe TorresNov 19, 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.
