The dollar rose against the Japanese yen and the Swiss franc, which are considered safe havens (Tuesday), while the Mexican peso and the Canadian dollar also rose with the growing victory of Democratic candidate Hillary Clinton in the US presidential elections.
It is expected that in the event of the victory of the Republican candidate, Donald Trump, whose policies investors find difficult to predict, capital will flow into the Japanese yen and the Swiss franc, which are considered relatively safe.
Trump has vowed to renegotiate the North American Free Trade Agreement with Mexico and Canada, a move that could hurt the economies of the two countries that depend heavily on exports.
Reuters (New York)
