# The Peso Depreciates 1.6%

> The peso closed around 18.86 per dollar, down 1.6% and the worst performer among currencies tracked by Reuters, after two sessions of gains. Caution ahead of the US midterm elections, which will determine control of Congress, weighed on the currency, while US job vacancies rose more than expected in September.

- Date: 2026-11-03 · published 2026-11-04T09:08:43.551Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/79482-the-peso-depreciates-1-6
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Peso weakness raises the cost of dollar-priced feed imports for Mexico, while a stronger US labour market reinforces expectations of tighter US monetary policy, which tends to support the dollar.

## Read by commodity

- USDMXN: bullish ▲

## Sources

- forbes.com.mx: https://forbes.com.mx/el-peso-se-deprecia-1-6/

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