# The Mexican peso is getting slammed amid political uncertainty

> The Mexican peso sold off amid political uncertainty ahead of the country's presidential election, according to a Markets Insider report dated April 19, 2018. The text available is limited to the headline and a brief lead, so the size and timing of the move are not specified.

- Date: 2018-04-19 · published 2018-04-19T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/65733-the-mexican-peso-is-getting-slammed-amid-political-uncertainty
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A weaker peso raises the local-currency cost of imported US feed grains and meal, which can reduce Mexican import demand and pressure buyer margins. The election-driven risk premium may persist until the vote.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- markets.businessinsider.com: https://markets.businessinsider.com/news/stocks/mexican-peso-is-getting-slammed-amid-political-uncertainty-2018-4-1021597373?miRedirects=2

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