# How Election Surprises Affected Exchange Rates

> A St. Louis Fed analysis compares exchange rate reactions to the Brexit referendum and the November 2016 US election, which both defied polling expectations. It shows the peso fell sharply after the US election as markets priced in greater uncertainty over US-Mexico trade.

- Date: 2017-03-20 · published 2017-03-20T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/72213-how-election-surprises-affected-exchange-rates
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

The analysis underlines how trade-policy uncertainty can drive sharp peso moves that alter Mexican buying power for US feed grains, though it offers no new price catalyst.

## Read by commodity

- USDMXN: neutral

## Sources

- stlouisfed.org: https://www.stlouisfed.org/on-the-economy/2017/march/election-surprises-affected-exchange-rates

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