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The Mexican peso hit its strongest level of 2017, with USD/MXN falling under 18 for the first time since August 2016. The gains followed a June 4 state election won by the ruling party, which reduced fears of a leftist win in the 2018 presidential race.
Lower political risk strengthens the peso, which lowers the cost of dollar-priced feed imports for Mexican buyers. The effect is on currency conversion rather than on feed supply.
foxbusiness.comDow Jones NewswiresJun 14, 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.
