# USD/MXN tumbles more than 2% ahead of elections - Forex Crunch

> The Mexican peso rose more than 2% against the dollar on Thursday to its strongest level in four weeks ahead of Sunday's presidential election. Traders have priced in a win for leftist candidate Lopez Obrador.

- Date: 2018-06-28 · published 2018-06-28T12:00:00.000Z
- Category: market · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/64748-usd-mxn-tumbles-more-than-2-ahead-of-elections-forex-crunch
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A stronger peso lowers the peso cost of imported US feed grains and meal, supporting Mexican buying. The move is mainly currency-driven and has limited direct effect on grain prices.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- forexcrunch.com: https://www.forexcrunch.com/blog/2018/06/28/usd-mxn-tumbles-more-than-2-ahead-of-elections/

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