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Mexico Peso Falls With Stocks as Poll Shows Trump Ahead in Ohio

  • IPC index underperforms peers in Brazil, Colombia, Chile
  • Drop in oil prices exacerbates declines in Mexican assets
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Trump Has 5-Point Ohio Lead Over Clinton: Bloomberg Poll

Updated on

Mexico’s peso weakened and the country’s stocks fell after a poll showed Donald Trump is leading Hillary Clinton by five points in Ohio, a state that has backed the winning presidential candidate in every election since 1964.

The peso declined 0.8 percent to 19.2352 per dollar by 12:47 p.m. in New York, reversing gains of as much as 0.4 percent before the Bloomberg poll. Mexico’s IPC stock gauge slumped 0.9 percent, even as regional benchmarks from Brazil to Colombia to Chile posted gains. The losses worsened during the day as prices fell for oil. Mexico is the world’s ninth-largest producer.