# Political angst affecting the exchange rate, says Bank of Mexico - Central Banking

> Bank of Mexico said the peso depreciated significantly after the government cancelled the planned New Mexico City airport project. Markets are also worried about the incoming administration's policies and legislative initiatives.

- Date: 2018-11-20 · published 2018-11-20T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/62256-political-angst-affecting-the-exchange-rate-says-bank-of-mexico-central-banking
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Currency weakness raises the peso cost of imported feed grains and meal, supporting domestic feed costs for Mexican buyers.

## Read by commodity

- CORN: bullish ▲
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2018-11-16 | [Mexico central bank pulls the rate trigger - BNamericas](https://feedsoft.ai/events/62255-mexico-central-bank-pulls-the-rate-trigger-bnamericas.md) | -1.2% | +7.2% |
| CORN | 2022-06-06 | [Businesses are starting to feel the impact of exchange rate fluctuations.](https://feedsoft.ai/events/41262-businesses-are-starting-to-feel-the-impact-of-exchange-rate-fluctuations.md) | +5.9% | +2.2% |
| CORN | 2023-04-17 | [Climate Change and Risks to Midwest Agriculture - Federal Reserve Bank of Chicago](https://feedsoft.ai/events/13282-climate-change-and-risks-to-midwest-agriculture-federal-reserve-bank-of-chicago.md) | -1.9% | -3.1% |
| CORN | 2025-06-26 | [Fed rate cuts, dollar depreciation to drive commodity rally, says Kunal Shah of Nirmal Bang - CNBC TV18](https://feedsoft.ai/events/24109-fed-rate-cuts-dollar-depreciation-to-drive-commodity-rally-says-kunal-shah-of.md) | +4.6% | -1.5% |
| CORN | 2019-06-17 | [FX Talking: The beginning of the end of the dollar’s rally \| reports \| ING THINK](https://feedsoft.ai/events/9810-fx-talking-the-beginning-of-the-end-of-the-dollar-s-rally-reports-ing-think.md) | -0.8% | -0.8% |

## Sources

- centralbanking.com: https://www.centralbanking.com/central-banks/monetary-policy/monetary-policy-decisions/3867301/political-angst-affecting-the-exchange-rate-says-bank-of-mexico

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