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To Hedge Against ‘Trump Risk,’ Bet Against Peso, Citigroup Says

By Tony Seruga

U.S. race poses ‘clear risks’ to Mexico peso, strategists say
Peso may fall to as low as 22 per dollar should Trump win

Mexico’s peso looks poised for further declines as risks related to the U.S. presidential election increase, Citigroup Inc. said.

Given Republican nominee Donald Trump’s “anti-Mexico rhetoric, the U.S. election presents clear risks to the Mexican peso,” emerging-markets strategists Dirk Willer and Kenneth Lam wrote in a research note published Monday. They recommend buying dollar-call and peso-put options expiring Nov. 10 to bet on further peso weakness, and said the Latin American currency generally offers a good hedge for “Trump risk” in global portfolios…

To Hedge Against ‘Trump Risk,’ Bet Against Peso, Citigroup Says

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