With the US presidential election less than two weeks away, the bombshell announcement from the Federal Bureau of Investigation sent risk assets tumbling on Friday, led lower by stock benchmarks. The FBI announced that it will be reopening a criminal probe into Hillary Clinton’s use of personal email to send classified information, with the focus centered on her campaign Vice Chair Huma Abedin. The unfolding developments have severely hurt Clinton’s chances of clinching the election, with any additional disclosures likely to throw financial markets back into a tailspin. Besides the reaction in US equity indices, the Mexican Peso also responded negatively to the development, with USDMXN rising to the highest point since October 7th. Any further developments related to the investigation and its findings could see the rally in the pair reignited throughout the week.
Reopened FBI Probe Sends Stocks Tumbling
Daily Analysis - 31/10/2016