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A St. Louis Fed analysis compares exchange rate reactions to the Brexit referendum and the November 2016 US election, which both defied polling expectations. It shows the peso fell sharply after the US election as markets priced in greater uncertainty over US-Mexico trade.
The analysis underlines how trade-policy uncertainty can drive sharp peso moves that alter Mexican buying power for US feed grains, though it offers no new price catalyst.
stlouisfed.orgMar 20, 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.
