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The Mexican peso weakened as USD/MXN rose from near 19.50 to 19.65, its highest in about a month, before easing to 19.61. Bank of Mexico minutes showed members see downside risks to growth and noted low producer price inflation after a recent rate cut.
A weaker peso raises the cost of Mexican imports of feed ingredients and can soften Mexican demand for US grain and meal, a modest bearish signal for US feed exports.
octaafrica.netNov 28, 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.
