The Mexican peso’s precipitous fall has slowed down after it hit new record lows yesterday, but it is showing little sign of a recovery despite a wider market rebound as investors adjust to Donald Trump’s victory in the US presidential election.

At publication time the peso is standing at 19.89 per dollar, better than the 20.77 low hit yesterday morning, but down 0.25 per cent for the day and more than 8 per cent since before the election result.

Mexico’s currency became a prime gauge of Donald Trump’s fortunes in the run-up to the election, after the president-elect’s rhetoric on immigration, trade and the US’s southern border, and suffered its biggest fall since the mid-90s when news of Mr Trump’s victory began to emerge yesterday.

Chart courtesy of Bloomberg

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