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Mexican Peso Continues Decline Following Clinton E mail Investigation

NEW YORK (TheStreet) --The Mexican peso is down on Monday morning, following revelations from Friday that the FBI is as soon as once more searching into emails associated with Democrat candidate for the U.S. presidency Hillary Clinton. The peso has been viewed as a gauge of how markets are perceiving the presidential election, CNBC.com reported.

The currency industry is 1 to be watching ahead of next Tuesday's vote. "We haven't observed moves across assets like what we have seen as far as tracking the polls, and the sentiment, and the momentum on this campaign trail," CNBC's Sara Eisen said on "Squawk on the Street" this morning.
The peso isn't down as significantly nowadays because it was Friday when it saw a decline of 1% just after the Clinton e mail news broke. The peso gained after the initial presidential debate, which Clinton was mentioned to possess won. Republican candidate Donald Trump has proposed constructing a wall along the U.S.-Mexico border and forcing Canada and Mexico to renegotiate the North American Free Trade agreement.

The peso was at a record low in September immediately after it appeared that Donald Trump was gaining within the polls, however the currency did rise right after all 3 debates, Eisen added.

"Of course the feeling right here is that a Trump presidency will be hurtful for the Mexican economy. Trump has threatened to rip up NAFTA, renegotiate it, Mexico has been a significant beneficiary, so we watch this very carefully as we attempt to figure out what the market place is pricing in," Eisen said.

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