Mexico’s peso traded in line with emerging-market peers after the third U.S. presidential debate, signaling traders saw nothing in the matchup that changed their perception of who is likely to win the election, Bloomberg News reported.
The currency was little changed at 18.5241 per dollar as of 6:35 a.m. Thursday Oct. 20 in New York, paring gains of as much as 0.4 percent in the immediate aftermath of the debate. A gauge of emerging market currencies slipped 0.1 percent.
Mexico’s peso has reflected investor anxieties before this year’s U.S. election, often falling when Donald Trump’s campaign appears on the upswing and gaining when Hillary Clinton advances. In the third debate, the Republican candidate repeated his pledge to renegotiate the North American Free Trade Agreement if he’s elected. His recent struggles have been a boon for peso bulls: the currency is up about 7 percent since the first presidential debate in late September, the biggest gain among its major peers.
To read complete article click here.
more recommended stories
Logos Hope: world’s largest floating bookstore conquers Progreso, Yucatán
A large number of people have.
North American companies see investment opportunities in Yucatan
As of June 25, Courtney Beale.
Lobster production declines in the coast of Yucatán
Three weeks after the lobster harvest.
X’ocen: a rural community where Maya ancestral ceremonies still very much alive
X’ocen is a pre-Hispanic sanctuary, and.
Oil auctions in Mexico postponed until February
According to REUTERS, Mexican oil auctions.
Zapatista rebels reject meeting with López Obrador
Mexico’s leftist President-elect Andres Manuel Lopez.
Municipal crews work 24/7 to keep sargassum off the beach in Cancun
“The cleaning works carried out since.
Yucatecan enterpreneurs seek to strengthen local productivity with “Tech Day”
In order to strengthen partnerships, and.
Catalog highlights relevance of the flower in Mexican Culture
The flower, addressed as a substantive.
19th edition of the International Jazz Festival of Campeche features world-class artists
Campeche will present its International Jazz.