# Mexican peso slides after leftist AMLO wins presidency in a landslide

> The Mexican peso fell 0.6% to about 20.03 per dollar after Andrés Manuel López Obrador won the presidency with more than 50% of the vote. Markets worried his leftist platform could make NAFTA renegotiation with the US and Canada harder.

- Date: 2018-07-02 · published 2018-07-02T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/64251-mexican-peso-slides-after-leftist-amlo-wins-presidency-in-a-landslide
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker peso raises the cost of US feed grain and meal imports for Mexican buyers, which can slow purchases. Political risk to NAFTA also raises uncertainty for cross-border feed trade.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- cnbc.com: https://www.cnbc.com/2018/07/02/mexican-peso-slides-after-leftist-amlo-wins-presidency-in-a-landslide.html

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