Mexican peso is surging.
The currency is up by 1.9% at 18.6516 per dollar as of 7:51 a.m. ET.
The peso took off in early Monday trade after FBI Director James Comey informed Congress on Sunday that a review of new emails found in relation to the bureau’s investigation into Clinton’s use of a private email server had not yielded any reason for charges against the Democratic presidential nominee.
Given that Republican candidate Donald Trump’s anti-trade platformcould have negative repercussions for the Mexican economy, the currency has become something of a gauge of his prospects over the past couple of months of the campaign.
As for the rest of the world, here’s the scoreboard as of 7:54 a.m. ET:
- The US dollar index also strengthened after Comey’s announcement, and is up by 0.6% at 97.60. Separately, it’s a quiet day for data, with consumer credit out at 3 p.m. ET.
- The Japanese yen is down by 1.2% at 104.33 per dollar. Separately, the latest data showed that labour cash earnings rose by 0.2% year-over-year in September, following a stagnant reading in August. “The upshot is that the tight labour market has yet to generate noticeable cost pressures,” wrote Marcel Thieliant, senior Japan economist at Capital Economics, in a note.
- The British pound is down by 0.7% at 1.2424 against the dollar. Separately, the latest Halifax House Price Index came in at 5.2% year-over-year in October, above expectations of 4.8%.
- The euro is down by 0.7% at 1.1063 against the dollar. Data showed that retail sales fell by 0.2% month-over-month in September, better than the estimated drop of 0.3%.
- The Russian ruble is down by 0.4% at 63.8264 per dollar, while Brent crude oil is up by 1.0% at $46.06 per barrel.
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