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Colombia's central bank raised its policy rate by 50 basis points to 2.50% on October 29, 2021, its second consecutive monthly hike, and the peso rose 0.3%. Mexico's peso fell 1.1% after data showed the economy contracted in the third quarter, its first contraction since the pandemic rebound.
Peru's sol was the best-performing Latin American currency in October.
Rate hikes and currency swings in Latin America affect local feed and meat demand costs and import pricing. The moves are unlikely to shift global grain or oilseed prices on their own.
financialpost.comReutersOct 29, 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.
