Mexico’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.”
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