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The Mexican peso recovered to about MX$20.015 per dollar, a gain of 0.23%, as investors awaited the U.S. Federal Reserve's policy decision. The peso has stayed below the 20-peso barrier since June 2020, though it remains well above its pre-pandemic level.
A firmer peso eases the dollar cost of feed imports for Mexican buyers. The effect on grain prices is limited, since the move reflects currency flows rather than a change in supply or demand.
mexicobusiness.newsJul 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.
