# Mexico Election: Peso Is Rallying Ahead of Vote - Markets Insider

> The Mexican peso rallied about 2% against the dollar on Thursday as voters prepared for the presidential election that weekend. The currency has slid nearly 9% since March, when leftist candidate Andres Manuel Lopez Obrador rose in the polls.

- Date: 2018-06-28 · published 2018-06-28T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/64744-mexico-election-peso-is-rallying-ahead-of-vote-markets-insider
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A peso rally ahead of the vote eases import costs for Mexican feed buyers, though a sharp post-election move could reverse it. Currency swings change the landed cost of US feed grains and meal sold into Mexico.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- markets.businessinsider.com: https://markets.businessinsider.com/currencies/news/mexico-election-peso-is-rallying-ahead-of-vote-2018-6-1027328324

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