TOKYO (Nov 2): The dollar was on the back foot against the euro and yen on Wednesday as the possibility the U.S. presidential election could be too close to call jangled investor nerves. The dollar was little changed at 104.075 yen after shedding 0.6 percent overnight. "While Clinton may still hold a lead over Trump, the dollar could suffer another round of declines if new polls show Trump catching up." The Mexican currency stood at 19.17 pesos per dollar after slipping to 19.27 overnight, its lowest since Oct. 7. A potential Trump victory has been viewed as a key risk for the Mexican currency, given the candidate's promises to clamp down on immigration and rethink trade relations.
Source: The Edge Markets November 02, 2016 00:41 UTC