01182017Wed
Last update: Wed, 18 Jan 2017 10am

Americas

Markets - FXMM - Americas

Mexican peso hits 2-month high on bets Clinton to win US election MEXICO CITY: Mexico's peso firmed to its strongest in two months on Tuesday on bets that Democratic candidate Hillary Clinton would defeat her Republican rival Donald Trump in the US presidential election. Polls were seen favoring Clinton over Trump, who has threatened to rip up a free trade deal with Mexico and tax the money sent home by migrants in order to build a wall on the southern US border. The peso firmed 1 percent to 18.39 per dollar, its strongest since Sept. 8. The country's benchmark IPC stock index rose to its highest since mid-August, before paring gains to trade 0.83 percent higher. Confirmation of a win by Clinton could fuel an additional rally by the peso to around 18 per dollar, according to analysts and fund managers.But they said an unexpected victory by Trump could fuel a more than 12 percent drop in the currency to a record ...

Markets - FXMM - Americas

US, Canadian dollars rise with Mexico peso as markets bet on Clinton win NEW YORK: The dollar rose against the safe-haven Japanese yen and Swiss franc on Tuesday while the Mexican peso and Canadian dollar also gained as investors upped their bets on victory for Hillary Clinton in the US presidential election. Market sources cited projections from data firm VoteCastr favoring Clinton in a number of key battleground states, which could put the former secretary of state over the top in the election, as moving the cluster of ...

Markets - FXMM - Americas

Mexican peso falls as US votes MEXICO CITY: Mexico's peso fell on Tuesday as the country braced for the outcome of the US presidential election amid fears that a Donald Trump victory could harm Latin America's second-biggest economy.As Americans went to the polls, the peso opened at 18.95 per dollar, down 0.53 percent from Monday's closing price of 18.85, according to private bank Banamex.The Mexican stock market, however, rose 0.2 percent in early trading.The national currency has had a roller-coaster ride ...

Markets - FXMM - Americas

Mexican peso extends losses after Fed leaves rates on hold MEXICO CITY: Mexico's peso extends losses after the US Federal Reserve keeps interest rates unchanged but signals it could hike in December. Peso weakens 1.33 percent to 19.44/dollar - its highest level in over a month - following the decision. The peso has been hit by fears a Fed hike could push investors out of emerging markets, as well as concerns US Republican presidential hopeful Donald Trump could win elections on Nov. 8. Mexico's peso ...

Markets - FXMM - Americas

C$ gains vs greenback amid US election uncertainty TORONTO: The Canadian dollar strengthened against its US counterpart on Wednesday despite lower oil prices as US election uncertainty pressured the greenback.The US dollar fell against a basket of major currencies as investors were rattled by signs the US presidential race was tightening just days before the Nov. 8 vote.Losses for the greenback come ahead of a Federal Reserve monetary policy decision due later on Wednesday.US oil prices were down 1.54 percent at $45.95 a ...

Markets - FXMM - Americas

TSX falls, pressured by losses for energy and financials TORONTO: Canada's main stock index fell on Wednesday as lower oil prices weighed on the shares of energy companies and financials lost ground, offsetting gains for mining stocks as gold rose on US election uncertainty. The most influential movers on the index included some of its major energy pipeline companies. TransCanada Corp fell 4.7 percent to C$57.72 and Enbridge Inc declined 2.9 percent to C$55.80, while the overall energy group fell 1.6 percent. Crude oil ...

Markets - FXMM - Americas

Dollar slumps against euro, jumps against peso on potential Trump win NEW YORK: The US dollar hit its lowest level in more than three weeks against the euro, yen, Swiss franc and sterling on Wednesday on continued nervousness about a potential victory for US Republican presidential candidate Donald Trump next week. Investors are rethinking long-held bets on a Nov. 8 victory for Democrat Hillary Clinton.Clinton held a 5 percentage point lead over Trump, according to a Reuters/Ipsos opinion poll released on Monday, but some other polls ...