Loading…
The Mexican peso recovered on August 29, 2018 after touching a two-week low, with USD/MXN falling back below 19.00. Trump said he was optimistic Canada would join the US-Mexico deal ahead of a Friday deadline.
Mexico's central bank also downgraded its growth outlook.
A firmer peso lowers the cost of US exports priced in dollars for Mexican buyers, which supports US feed grain demand. The currency move reflects trade-deal sentiment rather than a direct change in supply.
octaafrica.netAug 29, 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.
