# Dollar Price Drops Today: Mexican Peso, a Winner of the US 'Blue Wave'

> The peso opened November 4 reversing most of the previous day's losses, trading around 18.65 per dollar, up about 0.9%. Investors weighed the Democratic takeover of both US chambers along with US jobs data that supports expectations of further Federal Reserve rate hikes. The USD/MXN pair holds below 18.70.

- Date: 2026-11-04 · published 2026-11-04T15:09:04.652Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/79916-dollar-price-drops-today-mexican-peso-a-winner-of-the-us-blue-wave
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of higher US rates can support the dollar, so the peso's gains may be limited. Currency moves change the local cost of dollar-priced feed ingredients for Mexican buyers.

## Read by commodity

- DXY: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-05-25 | [Why is the Mexican Peso Gaining against the Dollar?](https://feedsoft.ai/events/36160-why-is-the-mexican-peso-gaining-against-the-dollar.md) | -0.4% | -1.1% |
| DXY | 2023-11-21 | [Gold marches ahead to the beat of a weaker US dollar](https://feedsoft.ai/events/33074-gold-marches-ahead-to-the-beat-of-a-weaker-us-dollar.md) | -0.6% | -0.7% |
| DXY | 2026-02-01 | [USD/MXN Analysis: The Mexican Peso Shines as Confidence in the U.S. Dollar Fades](https://feedsoft.ai/events/21262-usd-mxn-analysis-the-mexican-peso-shines-as-confidence-in-the-u-s-dollar-fades.md) | +0.3% | +0.7% |
| DXY | 2017-01-05 | [China's Offshore Yuan is Bossing the US Dollar Around Today](https://feedsoft.ai/events/10253-china-s-offshore-yuan-is-bossing-the-us-dollar-around-today.md) | +0.1% | -2.7% |
| DXY | 2019-03-26 | [Mexican Peso Predicted To Rise Vs. US Dollar Amid Dovish Fed, Rising Oil Prices And Ebbing Global Recession Fears](https://feedsoft.ai/events/60303-mexican-peso-predicted-to-rise-vs-us-dollar-amid-dovish-fed-rising-oil-prices.md) | +0.5% | +0.3% |

## Sources

- mx.investing.com: https://mx.investing.com/news/forex-news/bajon-del-precio-del-dolar-hoy-peso-mexicano-un-ganador-de-la-ola-azul-en-eeuu-3831653

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