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The Mexican peso rose on the last trading day of 2019 as improving global growth sentiment and better U.S.-China trade relations pushed the dollar to six-month lows. The peso was set to finish the year up about 4%, while Mexican stocks gained 4.5% after recovering from a 2018 slump.
A firmer peso lowers the cost of dollar-denominated feed imports for Mexico, a major buyer of US corn and soymeal, and signals reduced tariff risk on US-Mexico trade.
financialpost.comReutersDec 31, 2019Not 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.
