2016-09 The US presidential debate

Since we are not too serious today, here is an interesting article on how to figure out the financial market's assessment of the presidential debate on Monday.
Easy. Just look at the exchange rate of the Mexican peso.

• if Mr. Trump becomes the president, he will likely do some things that would hurt the Mexican economy. While the famous wall is unlikely, he can repudiate NAFTA and do other things which are hard to predict, but which may be detrimental to the economy of Mexico
• If Ms. Clinton wins, this will not happen.

After the debate, the Mexican peso appreciated. This means the FOREX traders thought Trump lost the debate and his chances of winning fell.

Remember post 2016-02? It stressed that markets respond to unexpected news. As soon as new information arrives about future events, markets react. So if the debate decided the outcome of the election, all changes would have happened now, and none at the time of the election. But of course the outcome is still uncertain.

Let us wait for the second debate.