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The Mexican peso weakened against the dollar on January 25, 2021 after President Lopez Obrador disclosed a COVID-19 infection with mild symptoms. Mexico's November economic activity rose 0.9% month on month, beating forecasts, while daily cases were climbing toward 10,000.
Peso weakness raises the peso cost of imported feed grains and meal for Mexican buyers, while the political and health uncertainty adds to currency volatility.
fxdailyreport.comDaffa ZakyJan 25, 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.
