FOREX-Mexican peso surges after Clinton, Trump clash in first debate
* Mexican peso climbs about 2 pct vs dollar
* Dollar/yen erases earlier losses, up from 1-month low
* Market moves suggest Clinton seen as doing better than Trump (Updates prices, adds comments)
By Masayuki Kitano
SINGAPORE, Sept 27 (Reuters) - The Mexican peso surged in Asian trade on Tuesday, buoyed by the view that U.S. presidential candidate Hillary Clinton did better than her rival Donald Trump in a closely-watched television debate.
The Mexican peso gained about 2 percent on the day to 19.488 to the dollar, putting it on track for its best daily performance since February. The peso rose to 19.4805 at one point on Tuesday.
"Overall, there seems to be some adjustment of positions that had been betting on Trump risk," said a trader for a Japanese bank.
There seems to be some profit-taking of long dollar positions taken against the Mexican peso, he said.
The peso has hit record lows in recent days on concerns that a Trump victory would threaten Mexico's exports to the United States, its single biggest market. Continued...