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The Mexican peso was holding just under 19 per US dollar, according to a Forbes article on Mexico under President AMLO. The piece notes the peso had hit as high as 23 to the dollar after Trump's election, when NAFTA appeared doomed.
The peso's recovery from its post-election lows reduces the cost pressure on Mexican importers of feed ingredients, though the currency's sensitivity to NAFTA headlines remains a risk for dollar-priced grain imports.
forbes.comKenneth RapozaApr 24, 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.
