(Bloomberg) -- The Mexican peso dropped as much as 4 percent as initial results signaled Democrat Hillary Clinton and Republican Donald Trump were locked in a tight race Tuesday evening for the critical battleground state of Florida.
The currency slid to as low as 19.1555 per dollar. The peso has been a barometer for the U.S. electoral race, rallying during the campaign when Clinton advanced and falling when Trump gained ground on the polls.Trump had proposed building a wall on America's southern border, seizing Mexican workers' remittances and renegotiating the North American Free Trade Agreement.
To contact the reporter on this story: Benjamin Purvis in Sydney at bpurvis@bloomberg.net.
To contact the editor responsible for this story: Garfield Reynolds at greynolds1@bloomberg.net.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
