Peso surges as investors see Trump campaign struggling

October 10, 2016

The Mexican peso, which has been pressured since May by Trump's promises to clamp down on immigration and rethink trade relations, surged as markets trimmed the chances of a victory for the Republican nominee in next month's elections.

The Mexican currency rose about 2 percent to 18.91 to the U.S. dollar in early Asian trade -- its highest level in nearly a month -- and held on to the bulk of its gains after the second presidential debate between Trump and Democrat Hillary Clinton.

It last stood at 19.018, still up about 1.5 percent.

The peso . . .

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