MEXICO CITY — Economists have long said that when the United States catches a cold, Mexico gets pneumonia. But analysts said that Hillary Clinton’s pneumonia has given Mexico’s peso something worse, the Associated Press reported.
On Monday Sept. 19, the Mexican currency reached the psychological barrier of 20 pesos per dollar, and analysts and commentators cited the role of the U.S. presidential campaign.
Banamex, one of Mexico’s largest banks, listed the peso at 19.96, and other banks and exchange houses listed it even higher.
“The possibility that Donald Trump could win the Nov. 8 elections has made financial markets nervous and that has been especially reflected in the Mexican peso,” the bank said.
Trump has been critical of Mexico and the trade agreements that give it access to the U.S. market. The U.S. has an outsize influence on Mexico’s economy, buying about 80 percent of Mexico’s exports.
Newspaper columnist Carlos Loret de Mola said Clinton’s health problems are key.
“Speculation broke out against the Mexican currency last week due to the poor health of the Democratic candidate, Hillary Clinton,” Loret de Mola wrote in the newspaper El Universal.
Clinton had to leave a Sept. 11 memorial ceremony early, and later revealed she had pneumonia.
Mexico’s Treasury Department declined to comment on whether the U.S. campaign has affected the country’s currency. The department attributed the peso’s decline mainly to concerns about a possible interest rate hike in the United States and the drop in oil prices.
Oil prices were cited in the peso’s decline in previous months, but they have risen somewhat from this year’s earlier lows.
The peso has dropped almost 17 percent in value in the last year.
more recommended stories
There will be no inspections by officials from tax department, we shall trust the people (AMLO)
There will be no federal government.
Mexico now has the most Capitals of Culture in America (Mérida two times)
The municipal president of San Miguel.
Pioneers in the realm of mental and physical wellness come to Oaxaca, Mexico this New Year’s Eve
Revelry Reinvented: Restival Announces Restival Award.
Yoga teacher Judith de Klerk coming to Mérida’s “Sol y Tierra”
On Saturday, October 27, Judith de.
Sea Turtle Festival in Tulum needs more social participation
“In 16 years of activities, the.
Yucatan seeks to encourage organ donation
“The State Transplant Center of Yucatan.
Meet the new Mexican Congress and its Sixty-Fourth Legislature
As we all know on July.
Activists clean up cenotes in Yucatan
The garbage accumulated in the Yucatan.
Yucatán, not initially included in the Maya Train project is now a key role player
During the second meeting of the.
Mérida is ready for “La Feria del Pib” on Sunday October 28
The time of one of the.