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The Mexican peso lagged on Thursday, with USD/MXN rising from 18.70 to 18.88 before pulling back to about 18.80 even as the US dollar index fell below 94.00. Emerging-market currencies broadly strengthened, while the peso was pressured by weaker crude oil prices and uncertainty over NAFTA talks.
Peso weakness against a broadly softer dollar points to NAFTA-related risk premium, which can affect Mexican feed import pricing and US export demand sentiment for corn and meal.
octaafrica.netSep 20, 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.
