Mexican peso, Canadian $ up after US debate

London

THE Mexican peso rose 2 per cent on Tuesday after record lows against the US dollar, buoyed by a view that Democratic presidential candidate Hillary Clinton fared better than rival Donald Trump in a television debate.

The peso was on track for its best daily rise in three weeks, lifting the higher-yielding Canadian dollar along with it. Canada, like Mexico, has close trade ties with the United States and is part of the North American Free Trade Agreement. Markets have tended to regard Mrs Clinton as someone who is likely to retain the status quo, while few are sure what a Trump presidency might mean for US foreign policy, international trade deals or the domestic economy.