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Greenback and Mexican peso surge after FBI says no evidence against Clinton

On Monday, the greenback and the Mexican peso remained stronger during early afternoon Asia trade, after the FBI reported that no new evidence was discovered to warrant charges against Hillary Clinton in the investigation of her emails two days before the American election.

The announcement on Sunday by the Federal Bureau of Investigation Director James Comey drove greenback buying from earlier in the Asia trading session on the eve of the American presidential election scheduled on Tuesday.

Market participants’ worries have mounted since the announcement that the FBI had spotted new evidence in its investigation of Clinton’s emails. A great number of currency market watchers have expected Democratic nominee Clinton to win, which they consider will ensure greater policy clarity as well as less uncertainty on trade negotiations.

The latest FBI comments overnight assisted to clear up market sentiment, bringing Tokyo shares higher. The benchmark Nikkei Stock Average NIK managed to gain 1.5% midday.

The currency pair USD/JPY soared 1.28%, maintaining earlier gains against Japan’s currency, having ascended more than 1% in early Asia trade.

The Mexican peso, which has been very sensitive to developments in the presidential race, extended recent revenues at 18.63, compared with 19.02 in Asia trading session before the FBI headlines.


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