The Mexican peso is climbing
Business Insider
Published Nov 03, 2016 08:19AM ET
Updated Nov 03, 2016 08:58AM ET
The Mexican peso is climbing after the latest Washington Post-ABC News Tracking Poll has Hillary Clinton ahead of Donald Trump 47% to 45%.
The currency was up by 0.5% at 19.2808 per dollar as of 7:42 a.m. ET before retracing some of its gains.
This follows a couple rough days for the peso. The currency had tumbled after a prior poll showed Trump in the lead.
"What has unsettled the markets is not that there are two flawed candidates. Rather investors had grown comfortable with the idea that Clinton was going to win, and last week's announcement by the FBI has made them doubt this," Marc Chandler, the global head of currency strategy for Brown Brothers Harriman, floated . The country's central bank devalued the currency by 32.3% to 13 per dollar. It was previously pegged at 8.8 per dollar since March. 
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Written By: Business Insider
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