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Banxico Governor Diaz de Leon said core inflation remains a challenge and that the central bank will assess new data before taking further policy action. He also flagged PEMEX credit ratings as a concern and warned the peso could become more volatile if trade tensions or data surprises intensify.
Expected peso volatility from trade tensions can change the cost of dollar-priced feed imports for Mexican buyers. The comments are a central bank outlook rather than a new shock.
forexcrunch.comFX StreetAug 16, 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.
