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An FT video segment says Mexico is becoming a concern for investors because it sends over 80% of its exports to the US and is exposed to trade tensions. It notes that the peso is the second-best currency performer of the year despite Nafta renegotiation risks.
It also flags the July Mexican election, where populist candidate Lopez Obrador leads the polls.
A sharp peso reversal would change the cost of imported feed ingredients in Mexico and could affect the demand outlook for US exports. Nafta and election risk give the peso a two-way bias.
ft.comWritten, edited by James SandyJan 24, 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.
