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The Mexican peso ended 2018 with a loss of less than 1% against the dollar, outperforming most emerging-market currencies. USD/MXN was testing support at 19.60, its lowest level since early November, after four consecutive weekly declines.
The year saw currency crises in Argentina and Turkey, sharp losses in crude oil, and a Mexican stock index down more than 15%.
A firmer peso into the new year lowers the local cost of imported feed ingredients for Mexican buyers, though the new administration's policies could shift Mexican asset prices in 2019.
forexcrunch.comFX StreetDec 31, 2018Not 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.
