Home Business-newBusiness Economists predict further peso slump if Trump wins

Economists predict further peso slump if Trump wins

by Yucatan Times
0 comment

Mexico’s peso may weaken to a range of 21 to 23 against the U.S. dollar if Republican presidential nominee Donald Trump wins the election, according to the majority of economists in a Bloomberg survey conducted Sept. 16-28.

The currency will likely trade between 18 and 21 if Hillary Clinton, the Democratic nominee, wins. Below is a chart of the survey results.

The peso strengthened the most against the dollar among its major-currency counterparts after the second U.S. presidential debate, in which both candidates exchanged barbs but Hillary Clinton was again perceived to have performed more strongly. It rose 2.4 percent to a one-month high of 18.8316 per dollar as of 10:44 a.m. Monday Oct. 10 in New York.

The Mexican currency has been a barometer of investor anxiety about the Nov. 8 election, falling when Trump advances in the polls and gaining when he slumps.

To view complete article click here.

Source: bloomberg.com

You may also like

Our Company

Lorem ipsum dolor sit amet, consect etur adipiscing elit. Ut elit tellus, luctus nec ullamcorper mattis.

Newsletter

Laest News

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept