Loading…
The Mexican peso closed the week up 0.47%, trading near 19.84 per dollar, its fourth consecutive weekly gain. Analysts attributed the appreciation partly to expectations of tighter monetary policy after Mexico's first-half April inflation rose to 6.05%, the highest since December 2017.
A firmer peso lowers the peso cost of US feed grain and meal imports for Mexican buyers, while rising Mexican inflation and possible rate hikes weigh on domestic livestock and feed demand.
opportimes.comRedacción OpportimesApr 24, 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.
