# Mexican Peso takes a hit due to US election risk

> The Mexican peso weakened against the dollar as the probability of a Trump election victory rose, with polls showing a very tight race. Analysts note Trump's tariff threats on Mexican imports may be hard to implement given integrated supply chains, while domestic judicial reform adds political risk. USD/MXN started a new upward leg of a bullish pattern.

- Date: 2024-10-28 · published 2024-10-28T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/28092-mexican-peso-takes-a-hit-due-to-us-election-risk
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Tariff fears push the peso weaker, which raises the cost of US grains and meal for Mexican feed buyers. The tariff threat's uncertain implementation limits the magnitude of the move.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/news/mexican-peso-depreciates-on-us-election-risk-202410281047

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.