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The US dollar fell against the Mexican peso as US Treasury yields dropped following the Fed's dovish message at Jackson Hole. Markets reportedly expected any taper announcement to come late in the year rather than at the September FOMC meeting.
A weaker dollar and lower yields support emerging-market currencies such as the peso, which can ease the cost of imported feed ingredients for Mexico.
forex.caadminAug 30, 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.
