# Peso Falls After Two Sessions of Gains, Watching US Midterm Elections

> The Mexican peso weakened slightly to about 18.59 per dollar on Tuesday, after gaining 1.1% on Monday, its best daily performance since April. Investors are focused on the US midterm elections, which will determine control of Congress, and on tensions between Washington and Tehran. Reuters polling expects Banco de México to hold its rate unchanged on Thursday.

- Date: 2026-11-03 · published 2026-11-03T15:10:49.394Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/77877-peso-falls-after-two-sessions-of-gains-watching-us-midterm-elections
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A firmer or weaker peso changes the local-currency cost of imported feed ingredients such as corn, soybean meal and DDGS for Mexican buyers. Expectations of a rate hold support near-term currency stability, so the price effect on feed costs is limited.

## Read by commodity

- USDMXN: neutral

## Sources

- forbes.com.mx: https://forbes.com.mx/peso-cae-tras-dos-sesiones-de-ganancias-atento-a-elecciones-intermedias-en-eu/

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