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Latin American currencies gained on Thursday as the U.S. dollar's rally from a three-year low ran out of steam, with the Mexican peso rising more than 1 percent on bets Banco de Mexico could hike rates again. Minutes from the central bank's latest meeting flagged persistent inflation pressures.
A firmer peso and expectations of higher Mexican rates shift the cost of dollar-denominated feed imports for Mexican buyers, a modest macro signal for feed demand.
reuters.comFeb 22, 2018Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
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.
