Loading…
Mexico's peso stabilized after a four-day slide while investors awaited a lower house debate on a central bank bill that critics say would force Banxico to accept money from drug gangs. Moody's had warned the reform was credit negative, and the peso traded at 20.1978 per dollar.
Other Latin American currencies gained on vaccine optimism and higher oil prices.
Uncertainty over the bill keeps USD/MXN volatile, which affects the cost of imported feed for Mexican buyers. The effect on grain prices is limited, so the impact is modest.
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.
