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The Mexican peso recovered from a 16-month low hit the previous week, with USD/MXN falling toward 20.50. Analysts flagged the upcoming CPI data, the Banxico decision and the July 1 presidential election as key events.
Peso volatility ahead of the election and a possible rate hike changes the cost of US feed imports for Mexican buyers. The effect on grain prices is indirect and limited.
octaafrica.netJun 18, 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.
