Presidential Race Tightens

The presidential race was tightening before the latest FBI revelations and the FBI reveal didn't materially impact the market, at least as far as the Iowa Electronic Market is concerned. The Trump rally experienced a pullback the day after the news hit the wire and it drifted lower. Unless there was an FBI agent with inside knowledge of the news bidding away to make a few thousand dollars, the evidence suggests the market doesn't care about the news.
The Mexican peso did tumble on the news though, as Mexico faces significant economic complications if Trump wins. More than 2 percent of GDP comes from remittances alone.

The wildcard is the Chinese yuan, currently in spitting distance of a technical breakdown.

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