
The US dollar weakened after Democrats won a decisive victory in the US midterm elections, including control of the Senate. The Mexican peso gained 27 centavos to close at 18.5669 per dollar, a 1.44% rise, while the DXY fell 0.34% to 101.52.
A weaker dollar and a stronger peso reduce the peso cost of US-priced feed imports for Mexico, while a split Congress may limit US fiscal expansion and ease pressure on Treasury yields.
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.