Mexico Peso Gives Clearest Market Signal That Trump Lost Debate
- Peso leading emerging market gains in relief rally Tuesday
- Implied volatility climbed to 2011 high in lead-up to debate
Mexican Peso Rejoices as Clinton Seen to Trump Trump
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The Mexican peso rebounded from a record low in a sign investors perceive Hillary Clinton outperformed Donald Trump in the first U.S. presidential debate.
The currency rose 2.3 percent to 19.4372 per dollar as of 3:28 p.m. in New York, the biggest gain among more than 140 currencies tracked by Bloomberg. In a CNN/ORC poll of debate watchers, 62 percent said Clinton won the exchange. The peso has borne the brunt of investor anxiety about the November election, sinking to an all-time low of 19.9333 before the candidates clashed over trade, the economy and race relations at the forum Monday.