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The USD/MXN pair fell below 19.20 to a one-month low ahead of the Federal Reserve's December policy decision. The decline followed a broad weakening of the US dollar against emerging market and commodity currencies.
A stronger peso reduces the peso cost of US feed imports into Mexico, a routine currency move with limited direct effect on grain prices.
octaafrica.netDec 11, 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.
