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The Mexican peso gained 1.4% to 19.68 per dollar, its strongest close in more than a month, after President-elect López Obrador spoke with Donald Trump. The two discussed border security, NAFTA and a possible bilateral trade deal, which eased investor concerns about a combative relationship.
A firmer peso lowers the local-currency cost of US feed imports and supports Mexican buyers' purchasing power. Easing NAFTA and trade-deal concerns also reduce uncertainty for cross-border feed flows.
businessday.co.zaJustin Villamil, George LeiJul 3, 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.
