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USD/MXN rose to a three-month high on Feb 25 despite better-than-expected Mexican fourth-quarter growth, as rising US Treasury yields pressured equities and risk assets. The article forecasts further upside for the pair as yields are expected to keep rising.
A weaker peso raises the local-currency cost of imported feed ingredients for Mexican buyers, while sustained dollar strength tends to pressure dollar-denominated commodity prices.
forex.caadminFeb 28, 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.
