Thursday, October 20, 2016
The Mexican peso spiked after the final Presidential debate ended
After fumbling around for an hour and a half, the Mexican peso spiked as the third US Presidential debate between Donald Trump and Hillary Clinton came to a conclusion.
The currency was up by 0.2% at 18.4937 per dollar around 10:45 p.m. ET. Earlier, it drifted between little changed to down by as much as 0.2% as the two candidates spoke.
The peso has become considered to be something of a gauge on Trump's prospects in the campaign. Some currency watchers previously argued that the peso's strengthening suggested that traders thought Clinton won the debate.
The currency previously strengthened against the greenback during the first debate, and also after footage taped in 2005 showed the Republican presidential nominee boasting about being able to "grab" women "by the p---y" because "when you're a star they let you do it."