# The peso starts November near 18.80 ahead of US midterm elections

> The USD/MXN pair opened November near 18.80 pesos per dollar after a volatile October, with the peso under pressure. Attention is focused on the US midterm congressional elections on November 3 and Banxico's policy decision two days later.

- Date: 2026-11-02 · published 2026-11-02T21:26:55.482Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/76200-the-peso-starts-november-near-18-80-ahead-of-us-midterm-elections
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Political and monetary uncertainty keeps the peso sensitive, which affects Mexican feed buyers' import costs for US grains and meal. Trade relations with the US, including the USMCA, link the election outcome to feed prices.

## Read by commodity

- USDMXN: neutral

## Sources

- finanmercado.mx: https://finanmercado.mx/forex/usd-mxn-1880-elecciones-intermedias-eeuu/

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