
The Mexican peso closed Friday at 18.5336 per dollar, gaining 0.31% against the dollar while most Latin American currencies fell. US producer prices rose again in October at the fastest annual pace in four years, and Fed officials warned inflation remains stubbornly high and some were open to a 50 basis point hike.
Expectations of tighter US policy have strengthened the dollar near 19-month highs, which typically pressures dollar-priced commodities and raises the cost of imported feed inputs for Latin American buyers.
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.