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Mexico's central bank governor said the bank changed its approach to defending the peso after Trump's tweets in January wiped out a $2 billion intervention. The bank moved from direct dollar sales to a hedging program of up to $20 billion.
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A central bank that defends the peso with hedges rather than reserves supports Mexico's import purchasing power for feed. The change reduces the risk of a sudden currency shock to feed costs.
voanews.comReutersApr 6, 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.
