Loading…
The USD/MXN pair traded near 19.12 after Banxico raised its key rate by 25 basis points to 7.25%. The new central bank governor warned that the proposed US tax reform could hurt the peso.
Technical analysis points to upside risk toward the 19.30 resistance level.
Mexico's rate hike supports the peso in the short term, but further weakness would raise the cost of imported feed inputs priced in dollars.
octaafrica.netDec 15, 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.
