Loading…
Mexico's central bank said it will increase its currency coverage contracts by $500 million to support the peso amid concerns that the US tax overhaul could reduce investment flows. The peso had dropped to 19.72 per dollar on Friday, and the bank's move did not produce a rally.
The peso has also been pressured by NAFTA renegotiation uncertainty.
Persistent peso weakness raises the local-currency cost of imported US feed and raises Mexican demand risk for feed ingredients.
ktvu.comKTVU FOX 2 NewsDec 27, 2017Not 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.
