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The Mexican peso fell against the US dollar for a third straight session, with USD/MXN peaking at 17.89, a two-week high, despite stronger-than-expected Mexican Q2 GDP growth of 0.6% quarter on quarter. The pair was still set to finish July down about 1.6%.
A weaker peso lifts the cost of Mexican imports, including feed ingredients, while the dollar strength and firmer macro data signal a currency move rather than a direct grain supply change.
octaafrica.netJul 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.
