Loading…
Rabobank analysts say the Mexican peso remains the most attractive carry currency and is likely to keep outperforming most emerging-market currencies. The peso is up 4.5% against the dollar this year, the best performer among major currencies.
Rabobank cautions that sharp, short-lived spikes in USD/MXN are likely from carry-trade unwinds.
A persistently strong peso lowers Mexican feed import costs in dollar terms, supporting demand for US corn and meal, though the risk of sudden carry-unwind spikes adds volatility to that pricing.
forexcrunch.comFX StreetSep 21, 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.
