# Money-Minting Peso Trade Upended by Mexico’s Election Shock

> Bloomberg reports that the carry trade that had profited from borrowing cheaply to buy Mexican assets has been upended since the June 2 election. The article describes a sudden shift in investor sentiment toward the peso.

- Date: 2024-06-04 · published 2024-06-04T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/30003-money-minting-peso-trade-upended-by-mexico-s-election-shock
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Unwinding of carry positions pressures the peso, which raises the peso cost of imported feed ingredients and can reduce Mexican demand for US feed grains and meal.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2024-06-04/money-minting-peso-trade-upended-by-mexico-s-election-shock

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