While voices in the united STATES was counted and Trump’s chance of winning increased, fell pesoen by 13 per cent against the dollar.
It is the largest fall since the tequila crisis in 1994, according to Reuters. Later, it has risen somewhat again.
Markets react as if apokalypsens four riders just rode off of the Trump Tower, ” says valutaekspert Sean Callow to the news agency.
the exchange Rate between the two currencies has been designated as a barometer on Donald Trump’s chances, as the country may have much to lose on a Trump-victory.
on Wednesday morning costs a dollar above the 20 peso, which is the most expensive ever, according to CNBC.
Pending rate increase
The mexican central bank has announced that it will hold a press conference at 14 Norwegian time, before the stock exchange in the country open.
WEAKENS MEXICO: Trump has, among other things, promised to abolish the handelsavtalen NAPHTHA.
It is expected that it will raise the key rate by at least 75 basis points, according to the economists that Reuters has talked with.
Trump has promised to deport mexican immigrants, build a wall against Mexico, refusing the mexicans to send money home to the family, and discontinue the free trade agreements NAFTA.
– It’s going to be very difficult to navigate through this, ” says Carlos Serrano, economist at Bancomer in Mexico, to Reuters. He believes the central bank must act quickly.
The next meeting of the central bank should really be kept 17. november.
(the case continues under the picture.)
In the course of the night fell the mexican pesoen against the dollar. One dollar costs now above the 20 peso.
emergency plan
the Mexican government has made an emergency plan in case the Trump wins.
– If Trump wins, is it possible that the mexican government will respond in one way or another. There is a rescue plan we are talking with the minister of finance about, but we hope we don’t have to use it, said Mexico’s governor Augustin Carstens during an interview with Milenio TV before the weekend, writes CNN Money.
the Authorities have not gone out with a few details about this plan, but it’s clear that Trump is seen as a significant threat for Mexico.
This will Trump do with the american economy
The republican presidential candidate has threatened to add a 35 percent tariff on goods produced by american companies in Mexico and sold in the united STATES.
Exports accounted for one-third of Mexico’s economy, and almost everything goes to the united STATES.
Kronefall
Pesoutviklingen against the dollar has followed the mood in the election.
When Trump was notch in the heel of the Clinton of the measurements in september were pesoen on his to when the weakest ever. When the audio recording where the Trump is bragging to klå on women, it was leaked, strengthened the currency itself again.
chief strategist of Trump-shock: – Markedsreaksjonen is pretty brutal
It is not only pesoen that gets a beating after it became clear that Trump will be America’s next president.
The Norwegian krone has depreciated sharply against the euro, and will stay there for a good while forward, according to valutaanalytiker Magne Østnor.
He believes a Trump-win increase uncertainty among investors and market participants dramatically, at the same time as it could lead to lower oil prices because Trump has indicated that he will tax the oil industry is milder. Both means that the crown will weaken.
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