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The Mexican peso gained against the dollar, reaching its strongest level in six days near 20.21-20.23 per dollar. The move followed a sharp dollar slide after Fed Chair Powell's remarks that policy was just below neutral.
A firmer peso eases the local-currency cost of imported US feed grains and meal, though the move is driven largely by dollar weakness rather than Mexico-specific supply.
forexcrunch.comFX StreetNov 28, 2018Not enough comparable past events yet for a historical read.
Not 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.
