The Mexican peso had a standout night as Hillary Clinton and Donald Trump duked it out on Long Island.
The currency is up by 2.1% at 19.4699 per dollar as of 12:25 p.m. ET.
“The first US Presidential debate may not sway many voters but has lifted the Mexican peso,” Marc Chandler, the global head of currency strategy at Brown Brothers Harriman, wrote earlier in the morning.
“The peso, which has fallen by about 1.3% over the past two sessions, has stormed by 1.5% today as the seemingly biggest winner of the debate.”
Some currency watchers argued that the peso’s strengthening suggests that traders thought Clinton won the debate.
Meanwhile, Bloomberg TV's Joe Weisenthal argued via Twitter: "I think $USDMXN is mostly trading not on Trump risk, but on people thinking other people are trading it on Trump risk."
As for the rest of the world, here's the scoreboard as of 12:27 p.m. ET:
- The US dollar index is up 0.3% at 95.54 after consumer confidence surged to a post-recession high and the latest data from S&P CoreLogic Case-Shiller index showed that home prices fell in July. Also, Markit Economics reported a jump in service-sector activity during September, although new orders and hiring slowed - suggesting that the most active part of the US economy is sending "mixed signals." The Russian ruble is down by 0.2% at 64.0286. Meanwhile, prices of Brent crude oil, the international benchmark, are down by 3.5% as expectations for any OPEC deal begin to sputter. The euro is down 0.4% at 1.1214 against the dollar. The Japanese yen is little changed at 100.40 per dollar. The British pound is up 0.3% at 1.3020 against the dollar.