# Mexico peso seen moderately weaker as election campaign begins: Reuters poll | Reuters

> A Reuters poll of 20 strategists expects the Mexican peso to weaken about 7% to 18.24 per dollar over twelve months, from 16.96. The poll cites pressure from the coming presidential election in Mexico and US elections.

- Date: 2024-03-06 · published 2024-03-06T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/31416-mexico-peso-seen-moderately-weaker-as-election-campaign-begins-reuters-poll
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Expected peso weakness would raise the cost of US feed imports for Mexican buyers, a modest factor for US corn and soymeal demand.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/mexico-peso-seen-moderately-weaker-election-campaign-begins-2024-03-06/

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