Wednesday, November 9, 2016

U.S. Optimism Fades, China Steady

On election night in the United States it is North American currencies declining as election-day optimism fades. Mexico’s currency has fallen to a record low but the U.S. and Canadian dollars have also fallen off sharply with fears of a prolonged U.S. recession. China’s markets and currency have held relatively steady today but will eventually be affected by reduced opportunity for exports to the three Nafta countries.

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