Tag: Mexican peso

Markets plunge, peso at record low as Trump surges

HONGKONG, China (AFP) — Equity markets collapsed Wednesday and the Mexican peso hit a record low as the prospect of Donald Trump winning the race for the White House grew more likely as he picked up wins in crucial states. Safe haven assets rallied as investors went running for cover, with the yen and gold pushing higher. Initial confidence that market favourite Hillary Clinton would win the knife-edge race was wiped out as results showed […]

Mexican peso slumps to record low against dollar

TOKYO, Japan (AFP) — The Mexican peso slumped to a record low against the dollar Wednesday as results in the US presidential election pointed to Donald Trump making a strong showing against Hillary Clinton in the race for the White House. The unit, which has become a proxy for the property mogul’s chances of becoming US president, slumped to below 20 against the dollar, an historic low. © 1994-2016 Agence France-Presse