The Mexican peso strengthened on Friday and was on course to break an eight-week run of losses, gaining 0.20% to 18.7054 per dollar. The currency had weakened to 18.9597 on Thursday, while investors awaited U.S. October payroll data for clues about Federal Reserve rate expectations.
A stronger peso lowers the local-currency cost of imported feed inputs, while shifts in U.S. rate expectations can quickly affect the exchange rate and import costs. The weekly rebound was modest and followed a prolonged losing streak.
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.