Almost every time Donald Trump's chances at winning the presidency have dropped this election season, the Mexican peso's value has risen. And on Tuesday morning, after the first presidential debate Monday night, the peso's value increased by more than 2 percent.
That surge, Reuters reported, is a sign the markets seem to have agreed that Hillary Clinton won round one. "Markets started to call the debate for Hillary within the first 15 minutes or so, with the Mexican peso surging in what is probably its busiest Asian session in years," Sean Callow, a Westpac senior currency analyst in Sydney, told Reuters. If Trump were to win the presidency, Mexico's economy, which relies heavily on exports to the United States, could suffer greatly were he to follow through on enacting his proposed trade policies and building his much-touted border wall.
Prior to the debate, as Trump climbed in the polls, the peso had hit an "all-time low," Reuters reported.
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