
The Mexican stock exchange rose 1.8% after the open, and the peso gained 0.84% to trade at 18.67 per dollar, after Democrats won both chambers of Congress. The DXY reached its lowest level since September 30.
The market sees a Congress that limits fiscal stimulus as easing inflation and bond-yield pressure, and a possible opening for a more favorable USMCA renegotiation for Mexico, lowering the peso cost of imports.
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.