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Mexican imports of capital goods fell sharply in 2019, reducing domestic demand for dollars. The peso strengthened 3.6% over 2019 as the easing of the trade war and other commercial risks also helped emerging currencies.
A weaker Mexican economy supporting the peso lowers import costs in dollar terms for Mexican feed buyers only modestly, while the currency trend signals reduced domestic demand for imported inputs.
reuters.comAbraham GonzalezJan 27, 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.
