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Bank of Mexico raised its benchmark rate by another 50 basis points to 5.75 percent, its fifth hike this year. The peso rose over 1 percent on the day but reversed the next day, and the rate is now the highest since 2009.
Aggressive tightening to defend the peso raises financing costs for Mexican feed mills and livestock producers while the currency's weakness keeps imported feed ingredient costs high.
forexcrunch.comJohn BenjaminDec 19, 2016Not 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.
