Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

Two currencies most at stake in 2016 US election

Two of the Global currencies have most at stake in this year’s US election; one is the Mexican peso and other one is the Russian ruble. These two currencies can be seen as a proxy for investors’ expectations in the November election.

If Mr. Trump gets elected, that could mark the end of NAFTA, which would be detrimental to the health of Mexican manufacturing. Mr. Trump has vowed to bring back jobs from Mexico as well as the manufacturing industry. In addition to that, one of the signature policies for Mr. Trump has been the construction of a wall in the southern border along Mexico, which Mr. Trump has insisted that Mexico would pay for. After Mr. Trump visited Mexico and maintained his stance Peso dropped to almost 20 per dollar in the month of September as Mr. Trump’s rating rose. However, October has been good for the peso as it retraced loss as Mr. Trump’s rating declined. The peso is currently trading at 19.03 per dollar.

On the other hand, a Clinton win this year could easily mean a harder stance towards Russia and that might include fresh sanctions from the western countries. The ruble is currently trading at 63.1 per dollar.

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.