# Mexican Peso Positioned as Top Emerging Market Bet Amid US Election Volatility

> JPMorgan says the peso is its top emerging-market overweight, having appreciated 19% against the dollar over the past 24 months. The bank recommends hedging against US election volatility with a USD/MXN digital call strategy at 18.50. It flags risks from a more contentious US trade approach toward Mexico, including tariff evasion through Mexico.

- Date: 2024-05-23 · published 2024-05-23T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/30486-mexican-peso-positioned-as-top-emerging-market-bet-amid-us-election-volatility
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Trade friction between the US and Mexico could affect Mexican feed and meat trade flows and the peso. The recommendation is a positioning view and does not itself move supply or prices.

## Read by commodity

- USDMXN: neutral

## Sources

- barchart.com: https://www.barchart.com/story/news/26409322/mexican-peso-positioned-as-top-emerging-market-bet-amid-us-election-volatility

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