The peso traded at 18.66 per dollar, up about 0.9%, recovering part of a 1.4% drop in the previous session. Democrats took control of the Senate and House, and the dollar retreated as the euro and pound rose to near two- and seven-week highs.
Investors also weighed possible stricter AI regulation and its effect on data-center spending.
A weaker dollar and firmer risk appetite support emerging-market currencies, which eases import costs for Mexican feed buyers. The effect on grain prices is indirect and small.
Not 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.