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Forex.ca reports that the Mexican peso is at risk against the US dollar because speculative long positions are near record levels. Mexico's Q4 GDP contracted 0.5%, confirming a mild recession, and coronavirus reports from Latin America are raising emerging-market risk.
A weaker peso raises the local-currency cost of imported feed ingredients such as corn and soybean meal for Mexican buyers. Expected Banxico easing could add further pressure.
forex.caadminFeb 26, 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.
