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Mexican markets slid after a New York Times report that Trump would sign an order to exit NAFTA, which was followed by a presidential tweet saying the US would renegotiate instead. The peso posted its largest drop in months, and the tax reform proposal added to the uncertainty.
Analysts expect continued volatility as negotiations proceed.
Renewed threats to NAFTA raise the risk of tariffs on agricultural trade, which matters for feed grain and meal flows between the US and Mexico. Peso weakness also raises Mexico's import costs for feed.
bnamericas.comApr 28, 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.
