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CME analysis says the Mexican peso has strongly outperformed Latin American peers since President Lopez Obrador took office in December 2018, even though Mexico's economy contracted 0.1% in 2019. The article notes the inverted yield curve and the peso's gains against the Brazilian real, Chilean peso and Colombian peso.
The peso's resilience lowers the cost of dollar-priced feed imports into Mexico, but its weak growth outlook limits domestic demand for feed. This is background analysis rather than a new market driver.
cmegroup.comFeb 25, 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.
