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The Mexican peso and Canadian dollar rallied after the U.S. reportedly dropped a demand that vehicles made in Canada and Mexico for export to the U.S. contain at least 50 percent U.S. content in NAFTA talks. The peso led major currencies while the loonie led G-10 currencies against the dollar.
A softer US stance on auto rules lowers the risk of a NAFTA breakdown, supporting Mexican and Canadian currencies; for feed buyers this reduces tail risk to North American trade flows in corn, soymeal and DDGS.
bloomberg.comKatie Greifeld, Justin Villamil, Will MathisMar 21, 2018Not enough comparable past events yet for a historical read.
Not 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.
