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The peso stays in the spotlight as election results near

Nov. 08, 2016 2:48 PM ETEWW, MXE, MXF, SMK, UMX, DBMX, QMEX, HEWWBy: Clark Schultz, SA News Editor
  • The Mexican Peso trades at a two-month high in terms of currency strength as investors place their final bets before the U.S. election results start pouring in.
  • The peso strengthened 1% to 18.3976 per dollar after trading as weak as 19.9234 in late September. At last check, the peso had settled back to 18.4431.
  • "Dollar/peso will be the absolute proxy for the election, and if we see massive moves in dollar/peso by around 8 o'clock in the evening, it will mean the exit polls are strongly indicating she has a wrap on it," says a BK Asset Management director.
  • ETFs: EWW, MXF, MXE, UMX, DBMX, SMK, QMEX, HEWW.

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