Loading…
Mexico's foreign exchange commission said the central bank will sell an additional $4 billion in dollar hedges, starting with a $1 billion auction on Thursday. The move responds to the peso trading at a six-month low against the dollar amid concern about the future of NAFTA.
Dollar sales to support the peso can slow the currency's slide, which affects the cost of imported feed ingredients for Mexican buyers. NAFTA uncertainty weighing on the peso also bears on Mexico's US grain purchases.
wsj.comAnthony HarrupOct 25, 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.
