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The Mexican peso gained after Banxico held rates steady, pushing USD/MXN toward trendline support. Wall Street rose on a better-than-expected jobless claims report and the Suez Canal blockage was disrupting energy flows.
A firmer peso after the rate hold trims Mexican feed import costs, while the Suez disruption adds freight and energy cost uncertainty for grain and oilseed shipments.
forex.caadminMar 25, 2021Not enough comparable past events yet for a historical read.
After 102 past neutral macro events, Crude Oil (WTI) moved a median -0.1% over 5 sessions (49% higher; middle half -3.3% to +2.5%), and +1.8% over 20.
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.
