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Banco BBH says Mexico's economy is slowing, with Q3 GDP growth at 1.5% y/y, the weakest since Q4 2013. November CPI rose to 6.7% y/y, and the central bank may need another rate hike if the peso weakens further.
Political uncertainty ahead of the July 2018 presidential election is also weighing on the currency.
Slower growth lowers demand for meat and feed, while high inflation and possible rate hikes add pressure on the peso and raise import costs.
octaafrica.netDec 28, 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.
