# Rising likelihood of a Trump victory in the US election could spark Mexican Peso weakness – Standard Chartered

> Standard Chartered says a rising likelihood of a Trump victory in the November US election could weaken the Mexican peso. The bank also expects Banxico to cut rates cautiously, possibly avoiding moves larger than 25 bps, amid election-related volatility.

- Date: 2024-01-31 · published 2024-01-31T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/32329-rising-likelihood-of-a-trump-victory-in-the-us-election-could-spark-mexican
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Political risk that weakens the peso would raise the cost of US feed-grain imports for Mexico. A slower Banxico easing path also affects local financing costs for feed producers.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- fxstreet.com: https://www.fxstreet.com/news/rising-likelihood-of-a-trump-victory-in-the-us-election-could-spark-mexican-peso-weakness-standard-chartered-202401311342

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