The Slatest

Mexican Peso Soars After FBI Clears Clinton for Second Time

Hillary Clinton greets supporters during a campaign rally at Pitt Community College on November 3, 2016 in Winterville, North Carolina.  

Justin Sullivan/Getty Images

Slate’s Joshua Keating told us a few days ago that we should stop obsessing over FiveThirtyEight and start looking at the value of the Mexican peso to see whether Donald Trump is going to win. Well, if we use the Mexican currency as a barometer, things are looking mighty good for Hillary Clinton right about now. The peso surged the most in almost a month almost immediately after the FBI confirmed that it didn’t think Clinton’s use of a private e-mail server was a crime.

In early Monday morning trading in Tokyo, the peso jumped 2.2 percent to 18.6009 per dollar, according to Bloomberg. That was quite a turnaround considering the peso had plunged 1.8 percent between Oct. 26 and Nov. 4.

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The U.S. dollar also jumped on Monday morning on the FBI news, gaining 1.1 percent against the yen and 1 percent against the Swiss franc while the euro dropped 0.7 percent, reports Reuters.

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