USD/MXN consolidates above 19.00, headed toward record close

USD/MXN  rose further above 19.00 on Wednesday and is headed toward a record daily close as it trades around 19.19.

Earlier during the day, the pair climbed to 19.27 reaching the highest level since June 24 (Brexit referendum results). Back then it printed an all-time intra-day high at 19.51.

Some reports point out that the new poll that shows Donald Trump’s popularity greater than Hillary Clinton’s in Ohio, could have weakened Mexican assets including its currency.

The peso weakened amid risk aversion and after a decline in crude oil prices. The WTI barrel was falling today 2.75%, at $43.60, near September lows and almost 10% from last week highs. While USD/MXN has risen more than 4% during the last five days; a week ago it was testing September lows at 18.25.