USD/MXN opens 1.2% lower (stronger peso) as markets react to a weekend filled with drama. The Donald Trump video scandal and more damaging WikiLeaks emails on Hillary Clinton have eyes on the peso to determine where the election blood really is.
Peso Bellwether 2016
The Mexican peso is an election 2016 bellwether, Trump’s very strong positions on trade and the immigration have put the peso in position as a decent election risk indicator. A strong peso is a win for Clinton, loss for Trump in terms of real time capital flows on expectations.
Pick up our Election 2016 Report Here:
Don’t miss our next trade idea. Get on the Bear Traps Report Today, click hereDebate Number Two This Evening
Two weeks ago as the first televised debate between the U.S. presidential candidates raged on, the Mexico’s peso began its move.
Hillary Clinton had such a low bar coming into the first debate. The peso had been selling off violently for weeks heading into the big verbal shouting match on the issues. Clinton’s health became a serious issue, lowering expectations dramatically. When she appeared on stage in decent health, throwing punches without a wailing cough, the peso surged, USD/MXN plunged. Pick up our Election 2016 game plan, investment themes and trade ideas here:
Don’t miss our next trade idea. Get on the Bear Traps Report Today, click hereThe peso jumped 1.5 percent to 19.013 per U.S. dollar within in an hour of markets opening in Asia on Monday.