Economy NewsTaco September 27, 2016

The Mexican peso says Hillary Clinton won the first US presidential debate

*Looking for a different way to see who won last night’s debate? Check out the Mexican peso. VL

By Eshe Nelson, Quartz (1.5 minute read)quartz_logo

For the best polling on the US presidential election, watch the Mexican peso. The currency has become a proxy to gauge who the financial markets think is winning the race.

The peso suffers in particular when Trump’s chances of becoming president appear to increase because of the damage his policies would inflict on the Mexican economy and sever ties between the two nations. It had dropped to its lowest level on record before the debate started as opinion polls showed Donald Trump tied with Hillary Clinton.

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But it surged 2% overnight against the US dollar as traders joined others in deeming Clinton the winner of the first presidential debate.uld entail considerable risks,” they wrote.  READ MORE

[Photo by Dennis S. Hurd/Flickr]

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