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The Mexican peso climbed to its strongest level since the day after Donald Trump's election, trading up 0.4% against the dollar at 18.616 per USD. The move followed Banxico's quarter-point rate hike to 6.5% aimed at cooling rising inflation.
Higher Mexican rates and a firmer peso make dollar-priced US feed and grain imports cheaper for Mexican buyers, which can support US corn and DDGS export demand at the margin.
ft.comAdam SamsonMar 30, 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.
