Stocks and currency exchanges made moves after the Republican nominee Donald Trump and Democratic nominee Hillary Clinton faced off Monday night at Hofstra University in New York.
Experts warned that if Trump won the debate, stocks could likely fall. Trump represents a great deal of uncertainty to the market. For markets, uncertainty is the mother of all evils.
With pundits now saying Hillary Clinton won the debate, it may be unsurprising to see that stock futures opened at a 0.3 percent gain Tuesday morning. Next to Trump, who proposes drastic tax cuts and decreased regulations, Clinton has a more modest plan for the American economy. While Clinton’s produces far less economic growth, it also allegedly accrues far less debt than Donald Trump’s plan, though this assumes the validity of static economic analysis, which faces challenge in some quarters.
As Trump spent much of the campaign season spewing things like building a wall between the United States and Mexico and promising to deport thousands of immigrants, it therefore is also no shock to see the dollar fall against the Mexico Peso since Mexican confidence rose following the debate.
The Canadian Dollar also strengthened versus the U.S. Dollar after Clinton edged out a win.
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