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Commerzbank expects USD/MXN to climb back above 19.00, citing scepticism about a sustainable peso recovery given weak economic growth. The forecast also expects further Banxico rate cuts next year, and notes progress in US House ratification of USMCA.
A weaker peso forecast would raise Mexico's local-currency cost of imported US feed, though the effect on commodity prices is modest.
econotimes.comFxWirePro TeamDec 19, 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.
