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The Mexican peso sold off amid political uncertainty ahead of the country's presidential election, according to a Markets Insider report dated April 19, 2018. The text available is limited to the headline and a brief lead, so the size and timing of the move are not specified.
A weaker peso raises the local-currency cost of imported US feed grains and meal, which can reduce Mexican import demand and pressure buyer margins. The election-driven risk premium may persist until the vote.
markets.businessinsider.comApr 19, 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.
