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Forecasts cited by Bloomberg expect the Mexican peso to be the best-performing major currency in the first half of 2018. The peso fell to a nine-month low on Dec.
26 amid worries about a U.S. exit from Nafta and a possible win for Andres Manuel Lopez Obrador in Mexico's July election. The currency lost about a third of its value over the past four years.
A stronger peso lowers the peso cost of dollar-priced feed imports, which matters for Mexican feed buyers. The outlook points to a weaker USDMXN if the forecast holds.
bloomberg.comEric Martin, Justin VillamilFeb 1, 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.
