How is the U.S. Presidential Election Impacting Dollar?
Currencies of natural-resource-exporting nations and the Mexican peso pared gains while the yen nudged higher after Donald Trump and Hillary Clinton sparred in the second presidential debate. The peso, considered as a barometer for currency-market views on Trump’s chances, trimmed its advance after rising as much as 2 percent as the Republican candidate was questioned over a video in which he can be heard talking crudely about women. Currencies such as the Australian, Canadian and New Zealand dollars also pared increases. A gauge of the dollar weakened for a second day as the debate followed lower-than-expected payrolls figures, which did little to alter perceptions that the Federal Reserve will tighten policy in December. BNY Mellon Chief Currency Strategist Simon Derrick discusses with Anna Edwards and Manus Cranny on "Bloomberg Daybreak: Europe."
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