The United States dollar is on the rise after FBI Director James Comey announced reopening the investigation into Democratic nominee Hillary Clinton’s emails while she was secretary of state.
Comey wrote a letter to Congress Friday announcing the FBI was reopening the investigation into Clinton’s secret emails. Comey cited the emergence of new emails from Clinton aide Huma Abedin and former Congressman Anthony Weiner’s private server, which were germane to the FBI’s previous investigation, saying the agency needs to review those messages to determine if classified information was leaked.
Markets reacted immediately to Comey’s announcement. The Mexican Peso fell 1.3 percent at 2 p.m. Friday, and the Dow Jones Industrial average fell over 53 points in just one hour after news broke of Comey’s announcement at 1 p.m. The Dow steadily recovered from the Friday drop at the markets opening on Monday, sitting half-way between the Friday trading high and where the market closed Friday evening. (RELATED: Mexican Peso And Down Jones Tanking On HRC News)
The United States dollar, however, was on the up and up Monday morning by 0.33 percent. The dollar also jumped 1.1 percent against the Peso Friday.
The U.S. currency is also set to experience its largest gain against the Japanese Yen in two years.
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