# Mexican and Chilean Pesos Jump 1.4% and 1.7% After US Midterms

> The Mexican and Chilean pesos rose 1.44% and 1.70% against the dollar on November 4 after Democrats won both chambers of Congress. Falling Treasury yields and expectations of tighter fiscal constraints weakened the dollar.

- Date: 2026-11-05 · published 2026-11-05T09:09:07.483Z
- Category: macro · region Americas · magnitude low
- Page: https://feedsoft.ai/events/81470-mexican-and-chilean-pesos-jump-1-4-and-1-7-after-us-midterms
- 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 firmer peso and weaker dollar reduce the cost of dollar-priced feed ingredients for Latin American buyers. Currency moves like this are a secondary factor for grain prices, so the impact is modest.

## Read by commodity

- DXY: bearish ▼
- USDMXN: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-05-03 | [USD/MXN: Mexican Peso Jumps to Strongest Since 2017 After Fed Decision - Bloomberg](https://feedsoft.ai/events/36166-usd-mxn-mexican-peso-jumps-to-strongest-since-2017-after-fed-decision-bloomberg.md) | -0.7% | +1.1% |
| DXY | 2023-11-03 | [Stocks jump, dollar and yields drop after US jobs market softens](https://feedsoft.ai/events/11458-stocks-jump-dollar-and-yields-drop-after-us-jobs-market-softens.md) | -0.6% | -2.0% |
| DXY | 2018-07-24 | [Rand firms after Ramaphosa announces $14.7bn China investment - Moneyweb](https://feedsoft.ai/events/64324-rand-firms-after-ramaphosa-announces-14-7bn-china-investment-moneyweb.md) | -0.7% | +0.8% |
| DXY | 2025-04-21 | [Mexican peso appreciates 2% as Trump fuels fight with Fed](https://feedsoft.ai/events/25343-mexican-peso-appreciates-2-as-trump-fuels-fight-with-fed.md) | -0.1% | +0.1% |
| 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% |

## Sources

- ebc.com: https://www.ebc.com/forex/mexican-chilean-pesos-2026-midterms

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