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The Mexican peso held steady after Mexico's cabinet reshuffle, with José Antonio Meade resigning as finance minister and Alejandro Díaz de León named the next Banxico governor. USD/MXN hovered near 18.50, close to its lowest level in over a month.
The new governor warned that inflation may not fall as forecast.
Feed buyers importing into Mexico see little direct price effect from this currency move. A steadier peso supports Mexican import purchasing power, but the inflation warning points to some domestic cost pressure.
octaafrica.netNov 29, 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.
