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Mexico's peso slipped 0.7% to 18.675 per dollar, its weakest in more than four months, in line with losses in other Latin American currencies. The move followed US wage data that raised bets on faster Federal Reserve rate hikes and came ahead of a fourth round of NAFTA talks.
A weaker peso raises the local cost of US feed and grain imports, and fears of US protectionism threaten Mexico's main export market. Both factors can weigh on Mexican feed demand.
reuters.comOct 9, 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.
