
The Mexican peso fell against the dollar on Thursday, giving back part of the gains it made the previous day after Democrats won the US midterm elections. Spot traded near 18.62 per dollar, a loss of about 0.28%, while the dollar index rose 0.14% to 101.67.
Markets are waiting for the Banxico rate decision later in the day.
A weaker peso raises the cost of imported feed ingredients priced in dollars for Mexican buyers, and it can add to domestic inflation pressure. Currency moves of this size are routine and mainly affect import costs at the margin.
Not 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.