09/25/16 Financial Times
The piñata is a papier-mâché model stuffed with sweets that eager Mexican children thump with sticks. Lately, the Mexican peso has seen the stuffing knocked out of it too. It has sunk to levels not seen in real terms since Mexico’s 1994-95 Tequila crisis. One of the reasons for this, among several, is that Donald Trump could become the next president of the US. One of the world’s most heavily traded emerging market currencies is taking one for the world in an early wallop of rising “Trump risk”.