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The Mexican peso is up 6.7% against the dollar this year, the best performer among 16 currencies tracked by the WSJ Dollar Index. The Canadian dollar has fallen 2.6% against the U.S. currency, ranking near the bottom.
Currency divergence changes the relative cost of Canadian and Mexican purchases of US and Canadian feed commodities, with a weaker loonie potentially supporting Canadian canola meal competitiveness.
wsj.comIra IosebashviliMar 21, 2018Not enough comparable past events yet for a historical read.
Not 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.
