Mexican peso jumps as markets lengthen odds on Trump - News Summed Up

Mexican peso jumps as markets lengthen odds on Trump


Trump faces the biggest crisis of his 16-month-old campaign after a tape of him making vulgar comments about women deepened fissures with establishment Republicans. Presidential betting markets lengthened the odds on a Trump victory, while the FiveThirtyEight site of well-regarded forecaster Nate Silver put the probability of a Clinton win at over 81 percent. There is far more uncertainty about what a Trump administration would mean for U.S. foreign policy, trade, the economy and even governance at the Federal Reserve. Early Monday both currencies were on the rise with the Mexican peso up more than 1.8 percent, while the dollar dipped 0.3 percent on its Canadian counterpart. Dealers expected Asian share markets to start cautiously firmer, though the absence of Japan for a holiday would make liquidity sparse.


Source: The Edge Markets October 09, 2016 22:30 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */