Dollar mexican peso stocks topple as trump heads for white house
I think there may be some confusion here. The article you're referring to is likely a news article from 2016, when Donald Trump was elected as the President of the United States.
On November 9, 2016, the day after the presidential election, the Mexican peso did indeed experience a significant decline in value against the US dollar. This was largely due to concerns about the potential impact of a Trump presidency on US-Mexico relations, trade, and immigration policies.
At the time, many investors and analysts were worried about the potential consequences of a Trump presidency on the Mexican economy, which is heavily dependent on trade with the United States. The peso is often seen as a proxy for Mexico's economic health, and its value can be influenced by investor sentiment about the country's economic prospects.
On November 9, 2016, the Mexican peso fell to a record low against the US dollar, with the exchange rate reaching around 20.00 pesos per dollar. This was a significant decline from its pre-election level of around 16.50 pesos per dollar.
As for stocks, the Mexican stock market, known as the IPC index, also experienced a significant decline on November 9, 2016, falling by around 5.5% due to concerns about the potential impact of a Trump presidency on the Mexican economy.
It's worth noting that the Mexican peso and stock market have since recovered somewhat, and the country's economy has continued to grow, albeit at a slower pace than some other major economies.