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Latin American currencies strengthened on January 20 as risk appetite tentatively rebounded ahead of Donald Trump's inauguration. The Mexican peso gained 1 percent but remained near an all-time low, and the Colombian peso rose 0.6 percent as crude prices advanced.
Weakness in the peso reflects concern over Trump's trade stance toward Mexico, which affects Mexican feed import costs and demand for US grain. Stronger oil prices and a firmer dollar-linked backdrop shape emerging-market currency moves that feed importers pay in.
reuters.comJan 20, 2017Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
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.
