The Mexican peso's value is inversely related to Donald Trump's campaign success

Donald Trump
(Image credit: Getty Images)

What's good for Donald Trump is bad for the Mexican peso. Bloomberg News found that, over the last four months, when Trump's chances of winning the U.S. presidential election have increased, Mexico's currency has "repeatedly declined" in value.

For instance, after Hillary Clinton was diagnosed with pneumonia over the weekend and subsequently canceled a planned trip to California, the peso fell to a "2 1/2-month low" Monday. Overall, Bloomberg reported, the peso has weakened 10 percent this year, making it the second-worst performing major currency after the U.K.'s pound.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us