The Mexican peso is rallying on Monday following a tough weekend for Donald Trump’s campaign.
At 8:49 a.m. ET, the peso was up by2.4% to 18.8422 per dollar, its best level in a month.
The peso has become something of a gauge on Trump’s prospects in the campaign. The currency has slumped when he was gaining ground in the polls against Democratic rival Hillary Clinton. Trump’s tough talk on trade and immigration with America’s southern neighbor reduced demand for the peso. The chart below shows the peso gaining against the US Dollar.
The second presidential debate took place in St. Louis on Sunday evening.
On Friday, hot-mic footage taped in 2005 showed the Republican presidential nominee boasting about being able to “grab” women “by the p—y” because “when you’re a star they let you do it.”
And throughout the weekend, several major Republicans – including 2008 nominee Sen. John McCain of Arizona – withdrew their support for Trump. US President Barack Obama said Trump’s remarks showed he was “insecure,” “not a character trait that I would advise for somebody in the Oval Office.”
In a tweetstorm on Sunday morning, Trump blasted “so many self-righteous hypocrites” ahead of Sunday night’s presidential debate.