# Mexican peso depreciates against the dollar as market watches US midterm elections

> The Mexican peso weakened against the dollar on Tuesday morning, trading near 18.66 per dollar, about 0.53% lower than the previous reference rate. Traders are focused on US midterm elections, with pollsters seeing the Democrats as likely to win the House and a tie possible in the Senate.

- Date: 2026-11-03 · published 2026-11-03T15:37:50.946Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/78007-mexican-peso-depreciates-against-the-dollar-as-market-watches-us-midterm
- 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 feed ingredients and makes Mexican buyers of US corn and soymeal pay more, while a firmer dollar tends to pressure US grain export competitiveness.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- eleconomista.com.mx: https://www.eleconomista.com.mx/mercados/precio-dolar-hoy-3-noviembre-2026-cuanto-cotiza-20261103-841904.html

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