While the dollar strengthened slightly against a basket of currencies, the Mexican peso shot to a two-month high versus the greenback. The Mexican currency has been a market proxy for sentiment over the U.S. election and has performed in inverse correlation with Republican candidate Donald Trump's perceived chances of winning the White House. Mexico is considered most vulnerable to Trump's planned trade policies as 80 percent of its exports go to the United States. Market participants cited projections from data firm Votecastr which showed Clinton in the lead in several battleground states. Clinton, generally seen as a known quantity, has been the preferred candidate for investors over political wild card Trump.

Source: The Edge Markets November 08, 2016 20:29 UTC