Wednesday, October 19, 2016

Mexico's peso firms after US election debate:10/20/2016

Mexico's peso firms after US election debate:10/20/2016
During the fiery debate, the peso was little changed, but the Mexican currency appreciated after its conclusion to hit a session high of 18.455 pesos per dollar.

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Mexico's peso currency firmed at the end of the final US presidential election debate between Hillary Clinton and Donald Trump. During the fiery debate, the peso was little changed, but the Mexican currency appreciated after its conclusion to hit a session high of 18.455 pesos per dollar. The peso has been under pressure from threats by Republican candidate Trump that if elected president in November, he could tear up the United States' trade deal with Mexico. He has also been very critical of US companies investing in Mexico.