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The Mexican peso fell about 1% on July 13 amid U.S. inflation data and concerns over Mexico's energy reform. Brazil's services activity also surged in May.
Peso weakness raises the local-currency cost of imported feed ingredients for Mexican livestock and poultry producers. The move is driven mainly by currency and policy sentiment rather than grain supply.
globalstocknews.orgJul 13, 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.
