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Mexico's central bank raised its benchmark rate by 0.25 percentage point to 6.50%, the fourth hike since the US election. The article ties the currency's losses during the election period to Trump's threats on the wall, tariffs, remittances and NAFTA.
Tighter Mexican monetary policy supports the peso, which lowers the local cost of US feed imports, while NAFTA uncertainty remains a risk to US grain and meat export flows to Mexico.
money.cnn.comPatrick GillespieMar 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.
