Loading…
USD/MXN has traded sideways below 18.00 in a range of roughly 17.60 to 17.97, near 2017 lows against the dollar. The pair was unaffected by the magnitude 8.1 earthquake that hit Mexico on September 8.
Analysts expected the Fed to hold rates and Banxico to follow at its September 28 meeting.
Stable peso levels keep Mexican import costs for feed ingredients predictable, while the earthquake and NAFTA risks could shift that balance if they weaken the currency.
octapk.infoSep 13, 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.
