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Mexican lawmakers agreed to rework the central bank bill, postponing its approval and sending it to a joint panel aiming for consensus in January. The peso strengthened more than 1.5% and moved back below 20 per dollar.
Finance Minister Herrera welcomed the delay as allowing a more technical discussion.
Reduced political risk to the peso lowers the local cost of dollar-denominated feed imports in Mexico. The grain price effect is limited because the story is about currency and policy rather than supply.
financialpost.comReutersDec 16, 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.
