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The USD/MXN pair traded below 18.60 on November 5 as markets digested the Democratic sweep in the US midterm elections. The peso was up about 0.16% in early trading, within a daily range of roughly 18.54 to 18.64.
Banamex and BofA expect Banxico to keep its rate at 6.50% that day.
Currency moves like this shift the peso cost of imported US grain and oilseed meal, which affects Mexican feed mill margins. A peso gain that holds would ease that cost slightly.
mx.investing.comJulio Sánchez OnofreNov 5, 2026Not enough comparable past events yet for a historical read.
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.
