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
Cozumel welcomes “Symphony of the seas” the largest cruise ship in the world
With the arrival of the largest.
United Nations recognizes Merida as the best city to live in Mexico
Merida, Yucatan, heads the index of.
Even the State Government will join Tuesday November 13’s one-hour blackout in Mérida
The Government of the State will.
Quintana Roo’s Maya Ka’an still not able to take off as a self-sufficient, sustainable tourist destination
“Maya Ka’an, as a tourist destination,.
Fishermen of Progreso demand more surveillance against piracy
After the robbery committed in recent.
First ever artistic pedestrian crossing was painted in Mérida
In a joint effort between the.
Demand for solar energy duplicates in Yucatán
Sustainable energy through solar panels, is.
Naked, bruised and battered a woman runs to avoid being raped in eastern Mérida
“He grabbed me and threw me.
AMLO in Mérida to discuss “Tren Maya” project with governors and government secretaries
At 9 am on Monday, November.
Brother of the North Mérida agressor threatens victim’s relative with death
The profound indignation that the attack.