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The Mexican peso fell 0.6% to about 20.03 per dollar after Andrés Manuel López Obrador won the presidency with more than 50% of the vote. Markets worried his leftist platform could make NAFTA renegotiation with the US and Canada harder.
A weaker peso raises the cost of US feed grain and meal imports for Mexican buyers, which can slow purchases. Political risk to NAFTA also raises uncertainty for cross-border feed trade.
cnbc.comFred ImbertJul 2, 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.
