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USD/MXN fell for a fifth straight session toward 19.20, its lowest in three weeks. The move followed progress on ratifying the US-Mexico-Canada trade agreement and Mexican inflation data showing the lowest annual rate since 2016.
Trade deal progress reduces the risk of tariffs on US farm exports to Mexico, supportive for US feed grain demand, while low inflation opens room for more rate cuts.
octaafrica.netDec 9, 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.
