Peso Holds Gain After Second US Presidential Debate
Isabella Cota - Bloomberg
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October 10, 2016
The Mexican peso has lost almost half its value since 2014, but there are signs it’s starting to rebound. What are the factors behind the drop and how might the U.S. election play a role in a comeback? And what does a struggling peso mean for local Mexican businesses. (CCTV America)
The Mexican peso traded at a one-month high after Hillary Clinton and Donald Trump exchanged barbs in the second U.S. presidential debate.
The peso jumped as much 2 percent as the contest began, and was 1.3 percent stronger at 19.0532 per dollar as of 11:02 a.m. in Singapore. Trump dismissed his vulgar comments in a 2005 video that emerged over the weekend and attacked Clinton over her e-mail use and tax plan, while the Democrat candidate highlighted her career in public service and said her opponent was unfit to be president.
Read the full article at Bloomberg
Related: Mexican Peso Seen Weakening Up to 20 Percent If Trump Wins (Bloomberg)
Related: Can the Rally in Mexico’s Peso Take Pressure Off the Country’s Central Bank? (MarketWatch)
Related: Why Mexico's Peso Sums Up Trump's Weekend Perfectly (Bloomberg)
Related: Donald Trump Scandal Magnifies Bias That Hillary Clinton’s Win Better for US Markets (Reuters)
Related: Financial Markets Continue to Price in Clinton Win After Debate (TVC NEWS)
Related: Trump Victory Could Bring Flight of Capital in Mexico, Say Economists (Xinhua)
Related: Donald Trump Tumbles on Rich List, Down USD 800M: Forbes (The Financial Express)
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