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USD/MXN rose toward 19.50 as the peso weakened amid uncertainty over US Congress ratification of the USMCA trade deal. Revised Mexican data showed a mild technical recession in the first half of 2019 and near-zero growth in the third quarter.
Weak Mexican growth and a softer peso point to lower Mexican feed demand, while stalled USMCA ratification adds trade uncertainty for US meal and grain exports to Mexico.
octaafrica.netNov 25, 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.
