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Mexico's peso reels from Trump's upswing in polls
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Topic: Mexico's peso reels from Trump's upswing in polls (Read 467 times)
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corbe
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Mexico's peso reels from Trump's upswing in polls
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on:
November 02, 2016, 05:41:57 am »
Mexico's peso reels from Trump's upswing in polls
MEXICO CITY (AP) -- An upswing in Donald Trump's poll numbers appears to be squeezing Mexico's currency with a week to go before the election.
On Tuesday morning, Mexico's peso was selling on average at 19.45 per dollar in banks. Mexico's central bank says the peso's interbank rate closed at 18.90 the day before.
The currency has been roughed up in 2016, losing nearly 10 percent of its value. Some of the volatility has appeared to track Trump's campaign success. The Republican presidential candidate speaks harshly of Mexican immigrants, promises to build a wall along the border and wants to renegotiate the North American Free Trade Agreement.
An analysis by the Banco Base financial group published Tuesday says new poll results make it seem the U.S. election
http://hosted.ap.org/dynamic/stories/L/LT_MEXICO_PESO?SITE=MYPSP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2016-11-01-13-54-23
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No government in the 12,000 years of modern mankind history has led its people into anything but the history books with a simple lesson, don't let this happen to you.
corbe
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Posts: 38,422
Re: Mexico's peso reels from Trump's upswing in polls
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Reply #1 on:
November 02, 2016, 05:44:02 am »
Damn, The Wall just went up $14T peso's, Mexico learned from obummer, it's always safer to just devaluate your currency.
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No government in the 12,000 years of modern mankind history has led its people into anything but the history books with a simple lesson, don't let this happen to you.
Frank Cannon
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Re: Mexico's peso reels from Trump's upswing in polls
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Reply #2 on:
November 02, 2016, 05:55:35 am »
Well, at least there is some upside to Donny.
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Mexico's peso reels from Trump's upswing in polls