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The Mexican peso dropped about 3.6% to 22.7354 per dollar and hit an all-time low of 23.0782 after US stock circuit breakers were triggered. Local markets were closed, though the peso continued trading overseas.
A sharply weaker peso raises the local cost of imported feed ingredients and can strain Mexican livestock and feed margins, while signaling broader risk-off conditions across commodity markets.
bloomberg.comGeorge Lei, Sydney MakiApr 1, 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.
