FX Update: Both the Mexican peso and Canadian dollar
FX Update: Both the Mexican peso and Canadian dollar are higher, having rallied in early Asian trade before giving back some, but not all, of the gains during the second Trump versus Clinton presidential debate. The peso, going into the London open, is showing a 1.3% gain versus the U.S. buck, at 19.047, while the Canadian dollar is showing a net 0.3% gain, at 1.3259 bid. Chinese markets reopened after a week-long Golden Week break. The PBoC set yuan 0.34% weaker at a six-year low versus the dollar at 6.7008. USD-JPY edged out a three-session low of 102.81before recouping to near net unchanged levels above 103.00. EUR-USD drifted modestly lower, to around 1.1175-80 after closing out on Friday at 1.1201. The pound saw modest pressure, but remained well off from Friday's Asia-session flash crash lows. ECB's Villeroy in an interview with Le Figaro took a similar line as Merkel and Hollande last week in warning that Brexit will have negative effects, especially for UK. The Swiss franc has been unmoved by remarks from SNB boss Jordan, who said that interest rates could be cut again "if necessary." Japanese markets have been closed for a public holiday, while Canadian markets will be off today, as will U.S. Treasury markets and the Federal Reserve, for the Columbus Day holiday, although Wall Street will still be open for business.