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The Mexican peso was among the worst EM currency performers over two months, with USD/MXN rising to about 20.77 and up 20 percent year-on-year. Mexico recorded a $200 million trade surplus in November, with manufactured and oil exports rising.
A widening trade surplus supports the peso, but the currency's weakness keeps dollar-priced feed imports expensive for Mexican buyers; the story is mainly currency commentary.
econotimes.comFxWirePro TeamDec 28, 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.
