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The Mexican peso weakened slightly on March 6 even after the central bank sold $1 billion of a new peso hedge instrument, with total demand reaching $2.075 billion. The currency had rebounded on hopes for a US-Mexico trade deal, and other Latin American currencies also fell as riskier assets slipped.
Central bank intervention signals official effort to stabilize the peso, which affects the cost of US feed exports to Mexico, a major buyer of US corn.
reuters.comMar 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.
