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ECB reference rates for November 2 implied USD/MXN fell about 0.99% from October 30, while USD/TRY rose only 0.04%. EUR/MXN fell 0.603% to 20.9963 and EUR/TRY rose 0.435% to 56.0442, with EUR/USD moving from 1.1172 to 1.1216.
The article notes the USD crosses are calculated from central-bank references rather than traded spot quotes.
Currency moves in Mexico and Turkey affect the local-currency cost of feed imports and buyer purchasing power in those markets. The changes are modest and reflect calculated cross rates, so the price impact for feed commodities is minimal.
fxnews.aiFXNews News DeskNov 2, 2026Not enough comparable past events yet for a historical read.
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.
