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The Mexican peso gained after Banxico's policy meeting, with USD/MXN falling for a second day on Friday. Price is testing critical support near 20.50/55 after bottoming at 20.53.
A stronger peso lowers the local-currency cost of imported feed ingredients and makes dollar-priced US feed more expensive for Mexican buyers in relative terms.
octaafrica.netMar 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.
