Will Trump’s Poor Debate Performance Help Mexico’s Peso Rebound?

10/03/16 Forbes

mexican pesosRecently I walked through the neighborhood near Mexico’s stock exchange. Away from the wide expanse of Reforma Avenue where a number of major banks have their main offices in Mexico City there is a large agglomeration of currency exchange houses. The signs that line the streets advertise the peso exchange rate. In the weeks prior to the first debate between Hillary Clinton and Donald Trump, as Trump saw his standing in opinion polls rise, Mexico’s peso took a hard hit, and the peso-dollar exchange rate rose to a historic high of nearly twenty pesos to the dollar.

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