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The USD/MXN pair held above 19.00, near its highest level since April, with the peso under pressure from NAFTA concerns and a stronger dollar. Mexico's economy contracted 0.2% in the third quarter, its first contraction since 2013.
A weaker peso raises the peso cost of US grain and feed imports, which can dampen Mexican buying. Slowing economic activity also reduces feed demand.
octaafrica.netOct 31, 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.
