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Dollar tumbles against yen, euro on strong Trump showing

Mexican peso has become a proxy for Donald Trump's chances of taking the White HouseThe dollar tumbled against the yen and euro while the Mexican peso fell off a cliff as polling results in the knife-edge US presidential race pointed to a strong showing by Donald Trump. A strong yen could derail Japanese Prime Minister Shinzo Abe’s spend-for-growth policy which has boosted stock prices and pushed the Japanese currency down. The dollar plunged more than four percent to 101.19 yen before bouncing back to 101.51 yen with caution setting in on reports of an emergency meeting called by Japanese authorities in the face of market turmoil.

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