This ‘Trump Trade’ Marries Mexican Peso With Putin’s Ruble
- Investors balance peso shorts with high-yield ruble holdings
- Mexico seen suffering if Trump wins, while Russia may benefit
HSBC's Bloom: Mexican Peso Is the Trump Thermometer
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In the quest for the consummate “Trump trade,” emerging-market investors have found a new odd couple, pairing the currencies of two countries that could be most affected if he wins the presidency.
Amundi Asset Management has been selling the Mexican peso and buying the ruble to profit from the prospect of a victory for Republican nominee Donald Trump, whose hard line on the U.S.’s southern neighbor is as well known as his admiration for Russian strongman Vladimir Putin. GAM UK Ltd. likes the idea, too, and says it’s gaining popularity.