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The Mexican peso opened Feb 25 down 1.63%, trading near 20.71 per dollar, as contagion from weaker South African rand and Turkish lira and a rise in US 10-year Treasury yields to about 1.45% pressured the currency. Local risk aversion was also cited.
Currency weakness and higher US yields raise the cost of imported feed inputs for Mexican buyers and signal tighter global financial conditions that can weigh on commodity prices.
opportimes.comRedacción OpportimesFeb 25, 2021Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
