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Mexico's central bank governor said selling dollars is an option for the bank after the peso hit all-time lows that week. He added that the bank prefers foreign exchange auctions because they do not reduce foreign reserves.
The central bank's currency defense shapes the peso's path, which determines the local cost of imported feed ingredients for Mexican buyers. The comments themselves carry limited direct price impact on grains.
investing.comMar 13, 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.
