20.10.2016

Mexican Peso move suggests Clinton won debate

400Mexico’s peso reached a six-week high in a signal that Hillary Clinton held on to her advantage over Donald Trump in the final U.S. presidential debate.
The currency was up by 0.2% at 18.4937 per dollar around 10:45 p.m. ET. Earlier, it drifted between little changed to down by as much as 0.2% as the two candidates spoke.

The peso is seen as a good barometer of Donald Trump’s chances in the race for the White House, and analysts were tracking its performance in the wake of the third and final U.S. presidential debate.

When quipped about whether he shall accept election results, Trump relied that ‘he shall look at it at the time’. This has been read by many as a sign that Trump could challenge the results if he loses elections. Michael Hewson, Chief Market Analyst at CMC Markets UK, said  "That could become a problem if the final vote is close, less so if it isn’t, however if the Mexican peso is any guide it would appear that this election remains Hillary Clinton’s to lose, as the currency strengthened in the aftermath of the debate".

The Mexican peso flew to a six-week high post the debate,” said Tobias Davis, head of corporate treasury sales at Western Union International Bank, in a note. “The currency tells us she won the evening.”


Events


Semptember 2015
  • 22
    Jun

    Benjamin Graham once said: "The essence of investment management is the management of risks, not the

  • 22
    Jun

    Wo liegt die Zukunft des Investierens und wie kann man sich in der steigenden Komplexität der Produ

  • 22
    Jun

    The event, reserved only to qualified investors, is aimed at private bankers, asset managers, famil

  • 28
    Jun

    Only a little more than half a year is remaining until implementation of PRIIPs and MiFID II, and th

  • 30
    Jun

    Lo Shipbrokers and Shipagents Dinner è uno degli eventi più importanti nel panorama mondiale della

See All

newsletter

Updates and news from MarketPlus

Market Overview
SMI® PR9012.980,30 %
LYXOR DAX INAV121.879-0,05 %
FTSE MIB Index20902.76-0,81 %
FTSE 1007430.99-0,23 %
CAC 405252.56-0,41 %
S&P 5002435.17-0,02 %
NASDAQ Composite6226.6338-0,12 %
HANG SENG INDEX25674.53-0,08 %
Powered by Yahoo Finance