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Mexican central bank governor Agustin Carstens said the peso is clearly undervalued and has overreacted to Trump's election. He said clearer US-Mexico talks should lead to peso appreciation.
Expected peso recovery would lower dollar-priced feed costs for Mexican buyers, but the outlook depends on trade-talk clarity, which keeps the currency and US export demand uncertain.
eluniversal.com.mxRedacción El UniversalJan 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.
