Mexican peso holds above 3-week low as FBI set to review Clinton emails

October 31, 2016 05:23


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TOKYO - The Mexico peso held firm in Asia on Monday, keeping some distance from a three-week low hit late last week following news that the FBI is planning to review more emails related to Democratic presidential candidate Hillary Clinton's private email server.

Market players cautioned, however, that the ramifications of the FBI's move are far from clear and that the peso, seen as the best barometer of the market's perception on the US election, could slip further depending on upcoming polls.The peso traded at around 18.96 to the dollar, off its three-week low of 19.1005 touched on Friday, when it had fallen 0.7 percent.

Trading volume in the peso in Asia is much larger than the usual, according to Thomson Reuters data available at Eikon FX Volume Heatmap.

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