The U.S. dollar strengthened against the Mexican peso [S: USDMXN] on Tuesday, trading at 18.63 to the dollar, compared with 18.56 late Monday. The Mexican currency has long been viewed as a proxy for the U.S. election, with investors expecting it to sharply weaken in the event that Donald Trump, the Republican candidate, emerges victorious. On Monday, the dollar saw a massive slump against the peso following news that the FBI’s review of a new batch of Democratic presidential nominee Hillary Clinton’s emails won’t lead to charges, news that was seen as improving her odds of victory.
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