Mexican Peso Rises As US Votes
Muhammad Rameez Published November 09, 2016 | 01:20 AM
MEXICO CITY,(APP - UrduPoint / Pakistan Point News -8th nov,2016) Mexico's peso rose Tuesday as traders appeared to bet on Hillary Clinton winning the US election against Donald Trump, who has vowed to upend economic ties between the neighboring countries.
The peso fell as Americans began going to the polls, but later rose to close at 18.75 per dollar, up 0.53 percent from 18.85 to the Dollar on Monday, according to the private bank Banamex. The Mexican stock market, meanwhile, opened 0.2 percent higher.
The national Currency has had a roller-coaster ride during the US presidential campaign, falling when Trump, the Republican candidate, was up in opinion polls and rising when his Democratic rival Clinton fared better.
The peso tumbled to 19.50 per dollar last week when a poll put the real estate billionaire ahead of Clinton. But the Mexican currency and stock market surged Monday, a day after the FBI confirmed Clinton would not be prosecuted for using a private email server for government communications when she was secretary of state.
Analysts say Mexico's economy could suffer under a Trump presidency because of his vow to renegotiate a free-trade deal, block migrants' remittances to their homeland and make the Mexican government pay billions for a massive border wall.
Related Topics
Recent Stories
PTI to stage nationwide protests against alleged electoral frauds
Senate continues discussion on Presidential address to Joint Sitting of Parliame ..
Masood Khan calls for Pak-US cooperation for regional peace
Interior Minister starts Margalla Trail Patrol for security
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
More Stories From World
-
Team from Gaza mediator Egypt heads to Israel: source
7 minutes ago -
Xi tells Blinken US, China should be 'partners, not rivals'
7 minutes ago -
Ukraine agriculture minister freed on bail in corruption case
27 minutes ago -
Vietnam National Assembly head resigns amid graft purge
27 minutes ago -
Calls for mosque demolition weigh on India's Muslim voters
37 minutes ago -
Chinese shares close higher Friday
37 minutes ago
-
China's EV execs bullish on Western pressure at Beijing car show
47 minutes ago -
EU toughens rules on fashion retailer Shein
47 minutes ago -
Xi meets U.S. secretary of state in Beijing
57 minutes ago -
Ukrainian minister detained over suspected corruption: prosecutors
57 minutes ago -
Golf: PGA Zurich Classic of New Orleans scores
1 hour ago -
Pilot seriously injured after vintage plane crash in Western Australia
1 hour ago