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Mexico's peso firmed 1.7% to 19.93 per dollar after congressional sources said debate on a contested central bank bill had been pushed to February. Critics say the bill would force Banxico to absorb money from drug gangs, and Moody's called it credit negative.
Pemex also said it would cover 95.6 billion pesos in short-term liabilities.
A delay removes near-term policy risk for the peso, which pressures USD/MXN lower. For feed buyers, a firmer peso slightly lowers the local-currency cost of US corn and soymeal imports into Mexico.
brecorder.comReutersDec 15, 2020Not 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.
