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Mexican Peso Soars After Second US Presidential Debates

October 10, 2016 at 9:28 by Vladimir Vyun

A heap of 100-peso billsThe Mexican peso rallied today after the second US presidential debates ended and it looked like chances for victory in the race remained in favor of Hillary Clinton.

The voters’ sentiment swung further in the favor of Clinton following the debates over the weekend. Support for Donald Trump diminished after the scandal concerned with his vulgar comments towards women revealed on a 2005 video, though he dismissed them as “just words.” The peso is considered a barometer of sorts of investors’ sentiment towards the outcome of the US presidential elections as the currency tends to rise when Clinton gains support and falls when Trump, who called to creating a wall between the United States and Mexico, seems closer to victory.

USD/MXN dropped 1.88% to 18.9388 as of 9:21 GMT today.

If you have any questions, comments or opinions regarding the Mexican Peso, feel free to post them using the commentary form below.

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