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The USD/MXN fell below 19.20 to 19.13, its lowest level since February 11, as the US dollar weakened on lower US yields and improved risk appetite. Other emerging-market currencies such as the Brazilian real gained, while the Mexican peso lagged.
A firmer peso lowers the local-currency cost of dollar-priced feed imports into Mexico. The move is a routine currency fluctuation with no new supply or demand driver for feed commodities.
ms.octabroker.comFeb 19, 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.
