Forex markets signal Clinton triumph in first debate

Candidates clash as campaign heats up

Natalie Kenway
clock • 3 min read

Currency movements were in favour of Hillary Clinton during her first debate with Republican candidate Donald Trump, as movements in the Japanese yen, Mexican peso, and Canadian dollar suggested the Democrat contender put forward a move convincing argument.

According to the Financial Times, ahead of the debate, currency analysts indicated the US dollar/yen pair could become a volatile bellwether of the 90-minute debate and if Republican Trump appeared to be on top, the yen could be expected to surge against the dollar. However, from the start, the yen began to fall - having traded at about ¥100.30 against the dollar for a few hours before the debate began, the yen dipped to ¥100.84 as the debate turned to Trump's undisclosed tax returns and record of support for the US invasion of Iraq in 2003. Additionally, analysts watched the peso clo...

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