bitcoin
Bitcoin (BTC) $ 97,600.15
ethereum
Ethereum (ETH) $ 3,304.54
tether
Tether (USDT) $ 0.999864
bnb
BNB (BNB) $ 619.75
xrp
XRP (XRP) $ 1.14
cardano
Cardano (ADA) $ 0.805739
usd-coin
USDC (USDC) $ 0.999143
matic-network
Polygon (MATIC) $ 0.449659
binance-usd
BUSD (BUSD) $ 0.997598
dogecoin
Dogecoin (DOGE) $ 0.387993
okb
OKB (OKB) $ 44.67
polkadot
Polkadot (DOT) $ 5.93
shiba-inu
Shiba Inu (SHIB) $ 0.000025
tron
TRON (TRX) $ 0.200333
uniswap
Uniswap (UNI) $ 9.20
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 97,506.12
dai
Dai (DAI) $ 0.998065
litecoin
Litecoin (LTC) $ 90.41
staked-ether
Lido Staked Ether (STETH) $ 3,303.31
solana
Solana (SOL) $ 244.21
avalanche-2
Avalanche (AVAX) $ 35.31
chainlink
Chainlink (LINK) $ 15.19
cosmos
Cosmos Hub (ATOM) $ 6.38
the-open-network
Toncoin (TON) $ 5.52
ethereum-classic
Ethereum Classic (ETC) $ 27.79
leo-token
LEO Token (LEO) $ 8.80
filecoin
Filecoin (FIL) $ 4.61
bitcoin-cash
Bitcoin Cash (BCH) $ 499.67
monero
Monero (XMR) $ 161.94
Thursday, November 21, 2024
More
    bitcoin
    Bitcoin (BTC) $ 97,600.15
    ethereum
    Ethereum (ETH) $ 3,304.54
    tether
    Tether (USDT) $ 0.999864
    bnb
    BNB (BNB) $ 619.75
    usd-coin
    USDC (USDC) $ 0.999143
    xrp
    XRP (XRP) $ 1.14
    binance-usd
    BUSD (BUSD) $ 0.997598
    dogecoin
    Dogecoin (DOGE) $ 0.387993
    cardano
    Cardano (ADA) $ 0.805739
    solana
    Solana (SOL) $ 244.21
    matic-network
    Polygon (MATIC) $ 0.449659
    polkadot
    Polkadot (DOT) $ 5.93
    tron
    TRON (TRX) $ 0.200333
    HomeForexRisky Mexican Peso Falls to 2-12 months Weak point as U.S. Votes...

    Risky Mexican Peso Falls to 2-12 months Weak point as U.S. Votes Roll In

    By Noah Torres

    MEXICO CITY (Reuters) – The Mexican peso collapsed towards the U.S. greenback as outcomes of the U.S. presidential election started to come back in, extending the streak of volatility that has hit the foreign money and different currencies in current days .

    The peso traded as excessive as 20.5260 per dollar, greater than 2% decrease than its closing value at the beginning of the day and its lowest since September 2022.

    The peso had hovered across the identical stage throughout common daytime buying and selling on Tuesday earlier than erasing losses later within the session.

    Merchants are bracing for extra swings as vote counts from the hotly contested U.S. presidential election arrive.

    The peso's weak point was seen by merchants who had been contemplating the chance that Republican Donald Trump might defeat Democratic candidate Kamala Harris. Trump has pledged to impose new tariffs on Mexican exports.

    A Trump victory might push the foreign money to ranges round 20.50 pesos per greenback, whereas a Harris victory would doubtless push the foreign money to strengthen to round 19 pesos per greenback, in line with consultancy analyst Gerardo Copca MetAnalisis. But when the election result’s contested, volatility would improve, he mentioned.

    After Trump's presidential victory in 2016, the peso fell about 8.5% towards the greenback, reaching an all-time low on the time.

    See also  Chinese language state banks are promoting US {dollars} to assist the yuan - sources

    Reuters vote tallies present Trump has up to now gained 154 Electoral Faculty votes to Harris' 30. A candidate wants at the least 270 electoral votes to win.

    “As this can be a very shut election and the outcomes shall be gradual in coming, we’ll most likely see the fact (of the affect on the peso) in the course of the exchanges in London, tomorrow in america and even throughout the remainder of the week,” mentioned Jorge Gonzalez, who runs the consultancy Asesores en Divisas y Riesgos.

    Earlier this 12 months, the worth of Mexico's native foreign money took successful after the ruling Morena occasion, led by left-wing President Claudia Sheinbaum, gained massive majorities in Congress following June's common elections within the second Latin American economic system.

    Congressional majorities allowed lawmakers to cross a controversial judicial overhaul in September that prompted jitters in markets, with some traders doubting the protection of their investments in a extra politicized justice system.

    U.S. officers, by far Mexico's largest buying and selling associate, have criticized the overhaul.

    The peso has misplaced about 20% of its worth for the reason that begin of the 12 months towards the US greenback.

    RELATED ARTICLES

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    Most Popular