# Peso recovers from pummeling as U.S. vote hangs in balance | Financial Post

> Mexico's peso recovered on November 4, 2020, after falling up to 4% overnight as early returns suggested a Trump win. The recovery followed gains for Joe Biden in swing states, leaving the election too close to call.

- Date: 2020-11-04 · published 2020-11-04T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/50378-peso-recovers-from-pummeling-as-u-s-vote-hangs-in-balance-financial-post
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Peso swings change the dollar cost of Mexican feed purchases, so sharp moves can alter import timing for U.S. corn and meal. The peso's recovery reduces near-term pressure on that demand.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/peso-recovers-from-pummeling-as-u-s-vote-hangs-in-balance

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