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The Mexican peso fell past 20.00 per USD, trading at 20.02, as polls showed Trump's chances of winning the US election rising to 52%. Mexico's recent data showed economic slowdown, with weak retail sales and economic activity, while Q3 GDP was due that week.
Expectations of Trump tariffs on Mexican imports pressure the peso, which raises the cost of US feed ingredients for Mexican buyers. Weak Mexican data also points to possible Banxico rate cuts, adding to currency pressure.
fxstreet.comChristian Borjon ValenciaOct 28, 2024Not 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.
