A trader in Mexico told me Trump’s tweets move the peso market.
It seemed logical but it made me wonder if it’s true.
I took all of Trump’s tweets over the past year that focused on Mexico or Nafta and annotated a chart of the country’s currency.
It’s pretty enlightening in that it’s surprisingly hard to draw a clear pattern.
It doesn’t mean traders can ignore Trump.
But the main thing that jumps out is that Trump tweets about Mexico a lot.
And unlike the currency, he’s pretty consistent.