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Brown Brothers Harriman says Mexico's economy has slowed to GDP growth below 2% for three quarters amid fiscal and monetary tightening. It flags NAFTA renegotiations and July presidential elections as risks to the peso, with Banxico's policy rate at 7.5%.
Political and trade uncertainty in Mexico could pressure the peso, which would make US feed imports cheaper for Mexican buyers in dollar terms but weigh on demand if the economy stays weak.
octaafrica.netMar 30, 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.
