The Mexican peso desperately needs the U.S. presidential election to take place, especially if Hillary Clinton wins.
The peso has been hit hard in 2016. This year it lost 10 percent of its value against the U.S. dollar and briefly broke the barrier of 20 pesos per dollar. The peso’s few moments of recovery have occurred after debates between Clinton and opponent and Republican candidate Donald Trump.
The peso was recorded at its lowest point this year shortly after Clinton was diagnosed with pneumonia in September. But the peso regained ground after it seemed Clinton was beating Trump in debates, including this past one Wednesday night.
The real estate mogul turned politician has criticized Mexican immigration and accused its southern neighbor of stealing U.S. jobs through the North American Free Trade Agreement (NAFTA).