Markets are showing their highest levels of volatility since the Brexit vote at the growing likelihood of a Donald Trump victory in the US Presidential election.
The Mexican Peso is down more than 10 per cent against the US Dollar, breaching $20 for the first time, as traders anticipate that a President Trump would impose policies that damage the Mexican economy.
Peso down 10 per cent
Volatility in the value of the Japanese Yen, which is something of a safe haven currency, has been higher than in the wake of the 23 June Brexit vote.
Major yen volatility
The global financial volatility index known as the VIX has soared 40 per cent.
VIX spiking
The price of Gold - a safe haven in times of stress and uncertainty - has jumped $50 to $1,317 an ounce.
Gold soars
The global oil price is down 3 per cent at $44.68 per barrel.
Oil slides
Stock markets are closed in the US and Europe. But they are open in Asia - and they are sliding.
Japan's Nikkei 225 Index is down by 4.25 per cent since it opened.
Nikkei sliding
The markets are also now scrapping bets on the probability of the American central bank, the Federal Reserve, raising interest rates in December, as was previously expected due to the strengthening US economy.
Interest rate rise off the table
American stock futures - which trade when markets are closed - are also down, signalling a big sell-off in equities in the morning.
The FTSE 100 Index futures has dropped 4.7 per cent and the S&P500 futures index is down 4.55 per cent.
US stock futures down sharply
Analysts have suggested stock markets could fall by as much as 10 per cent when they open.
.png?w=600)
