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The USD/MXN rose for a third consecutive day on Wednesday, peaking at 21.36 amid a broad US dollar rally against emerging market currencies driven by risk aversion. Technical levels cited include support near 20.80/85 and resistance around 22.50.
A stronger dollar and weaker peso generally make US-priced commodities more expensive for Mexican buyers, which can soften import demand for US corn and feed ingredients while the peso remains under pressure.
octaafrica.netOct 28, 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.
