Mexican Peso falls as Trumps approval rating rises
In today’s video update Kris looks at the US Presidential election, and an indicator that could provide a clue about who will win this November…
In this video you will learn:
- Opinion Polls on Hillary Clinton and Donald Trump
- The link between the Mexican Peso and Donald Trump’s approval rating
- What this could mean for the future of the US Presidential Election?
- Rise of the US Dollar
Hi Kris Sayce here, back with another video update.
Today we’re going to have a look at the U.S election.
Check out this here. This is the latest opinion polls:
The blue line is Hillary Clinton, the red line is Donald Trump.
As you can see going back to July last year, it has become slightly more likely that Trump could become president when the U.S goes to the polls in November this year around
about six weeks away. But just how likely?
Let’s look at another ‘poll’, if you will. This is in fact the Mexican peso and what’s happened since the chances of Donald Trump becoming more likely to be the US president have increased over the past year or so the value of the peso the Mexican peso has in fact fallen against the US dollar.
So back here in july of last year you could get around about only about 15 Mexican pesos to each US dollar now you can get nearly twenty pesos for each US Dollar.
So that tells you the currency markets at least believe that a Trump presidency is becoming more likely by the day. We’ll see how that pans out in the coming weeks ahead.
Thanks for watching.