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The Mexican peso fell for a second day against the dollar, with USD/MXN climbing to 19.54. The dollar strengthened against Latin American and emerging market currencies, and the Brazilian real hit a record low.
A weaker peso and real make Mexican and Brazilian feed purchases more expensive in dollar terms, which can slow demand for US grain and meal.
octaafrica.netNov 26, 2019Not enough comparable past events yet for a historical read.
Not 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.
