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The peso closed October down 4% against the dollar at 18.8037, its second straight monthly loss and an eight-week losing streak not seen since 2016. The Brazilian real, the Mexican peso and the Polish zloty were the weakest currencies in October, while the Norwegian krone and the Colombian peso were the strongest.
Carry-trade unwinding and a narrowing rate gap with the US pushed the peso weaker, raising the local cost of dollar-priced feed imports into Mexico.
Not 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.