Wednesday, November 9, 2016

The markets are hit by the relative advantage of Trump – Strategy & Business

AFP

The mexican peso lost 6% of its value in the foreign exchange market for fear of a victory of Donald Trump in the presidential of the united States following the publication of the adjusted first results in key States.

The currency of mexico, which became in the last few weeks in a barometer of the opinion of the markets, were changed to 19,8619 pesos per dollar towards the 02H40 GMT, against 18,1634 weights earlier.

The currency popular in both returned to 103,14 yen per dollar, from the ¥ 105 to the changing u.s. currency shortly before.

The financial markets have a victory of Hillary Clinton compared to his republican rival whose political positions they sowed uncertainty.

Mexico could be harmed with a victory for Donald Trump, according to analysts, by the threats of the millionaire to expel it from the united States to millions of illegal immigrants, to renegotiate trade agreements and do pay the neighbor to the south the construction of a wall in its border.

The results favorable to the republican candidate to the White House, Donald Trump did fall, the us markets on Tuesday night in the forward contracts.

Towards the 22H10 in New York, the stock indices recorded net low to the extent that the property tycoon, accumulating a favorable outcome to his rival democrat Hillary Clinton.

The index expanded S&P 500 lost more than 4%, (-85 points) while Dow Jones lost close to 630 points (-3,42%), denoting a strong market concerns about the economic outlook.

Wall Street had ended in the rise on Tuesday, with the Dow Jones gaining 0.40 per cent.

Towards the 03H00 GMT, the republican candidate over Clinton, although key states such as Florida were not defined yet.

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