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Friday, January 5, 2024

'Use Mexican Peso, Chinese Yuan to Bet on US Election, Citi Says'

 

  • Strategists say currencies swing wider on US vote results
  • Peso and yuan slid in aftermath of Trump’s victory in 2016

The Mexican peso and Chinese yuan are shaping up to be the best ways for currency traders to bet on the outcome of this year’s US presidential election, according to Citigroup Inc.

Both currencies are expected to have outsize reactions to the vote thanks to their home nations’ relationships with the world’s top economy. To Citi, that makes them compelling choices to express views on the political result ahead.

https://www.bloomberg.com/news/articles/2024-01-05/use-mexican-peso-chinese-yuan-to-bet-on-us-election-citi-says

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