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The Strengthening of Mexico's Peso Doesn't Bode Well for Trump

The Mexican peso’s strength has a negative correlation with Donald Trump’s presidential campaign polls. Over the weekend, the peso jumped nearly 2 percent against the dollar; analysts have attributed it to the near-implosion of Trump’s campaign after a leaked audio recording revealed the presidential candidate making lewd comments about women. And while political pundits and polls provide conflicting conclusions about who won the second presidential debate, the peso indicator illustrates that Trump’s debate performance did not fare well — the peso has continued to strengthen over the course of Monday’s market exchanges.
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