Loading…
The Mexican peso weakened as Mexican inflation rose more than expected in the first half of March, with core inflation nearly double consensus. Banxico was widely expected to hold rates at 4% ahead of its policy meeting.
Higher inflation and possible rate hikes support the peso over time, but near-term weakness raises the cost of dollar-priced feed imports for Mexican buyers.
fxdailyreport.comDaffa ZakyMar 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.
