Financial Weather Report: Mexican Peso is a ‘Trump Thermometer’ – Market Tutors [Video]
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With US elections just a month away, traders/investors are busy keeping track of the polls. Clinton clinched victory in the first Presidential debate… at least that is what political experts say. However, majority of the polls gave thumbs up to Trump.
What do forex markets suggests? – Mexican Peso does not like Trump. Half way through the presidential debate, Mexican Peso had started rallying, suggesting Clinton out did Trump.
The relevance of the pair is extremely high, given Trump’s anti Mexico rants. Sylvian Asimus from Market Tutors explains why the Peso is being called as a ‘Trump Thermometer’ and then goes on to discuss technical outlook for USD/MXN and GBP/USD.
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