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The Mexican peso strengthened against the US dollar, with spot trading around 18.68 per dollar, up about 0.84%. The dollar weakened after Democrats won the US midterm House elections and an unexpected Senate victory, which strengthened checks on the Trump administration.
The DXY dollar index fell about 0.5% to 101.35.
A Congress with a Democratic majority is seen as limiting new fiscal expansion, which weakens the dollar and lifts emerging-market currencies such as the peso. For feed buyers, a stronger peso lowers the local-currency cost of US-priced imports such as soymeal and corn.
eleconomista.com.mxJosé Antonio RiveraNov 4, 2026Not enough comparable past events yet for a historical read.
After 1,637 past bearish macro events, US Dollar (Broad) moved a median -0.2% over 5 sessions (39% higher; middle half -0.6% to +0.3%), and -0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
