# Peso recovered ground against the dollar after the US elections

> The Mexican peso appreciated 1.44% to 18.5669 per dollar on Wednesday, its best close since April 8, after Democrats' midterm victory weakened the dollar broadly. The peso is still down about 9.9% from its September 4 peak and 3.1% year to date.

- Date: 2026-11-05 · published 2026-11-05T03:09:19.791Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/81011-peso-recovered-ground-against-the-dollar-after-the-us-elections
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger peso lowers the peso cost of imported feed ingredients such as soybean meal and corn priced in dollars, easing Mexican feed-buyer costs. The move is largely a currency reaction rather than a change in grain supply or demand.

## Read by commodity

- DXY: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-07-30 | [Rand gains ground against the dollar](https://feedsoft.ai/events/64323-rand-gains-ground-against-the-dollar.md) | +0.2% | +0.7% |
| DXY | 2023-12-22 | [Peso strengthens to best rate against the US dollar since August](https://feedsoft.ai/events/32933-peso-strengthens-to-best-rate-against-the-us-dollar-since-august.md) | -0.8% | +1.5% |
| DXY | 2022-10-25 | [Pound surges against dollar after US house price shock](https://feedsoft.ai/events/39397-pound-surges-against-dollar-after-us-house-price-shock.md) | -0.3% | -3.0% |
| 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 | 2024-08-23 | [Pound Rises to Strongest in Over Two Years Against the US Dollar - Bloomberg](https://feedsoft.ai/events/29067-pound-rises-to-strongest-in-over-two-years-against-the-us-dollar-bloomberg.md) | -0.1% | -0.8% |

## Sources

- eleconomista.com.mx: https://www.eleconomista.com.mx/mercados/peso-recupero-terreno-frente-dolar-elecciones-eu-20261104-842251.html

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