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Latin American markets sold off after Donald Trump's US election victory, with the Mexican peso falling more than 13 percent. The Colombian peso fell 2.81 percent to 3,038 per dollar from the prior close of 2,955.
A weaker Colombian peso and Mexican peso raise the local-currency cost of imported feed ingredients for Latin American buyers, while stronger dollar conditions pressure dollar-denominated grain prices.
reuters.comNov 9, 2016Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% 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.
