I am curious why Mendoza as president would cause the dollar to gain strength?
If I am correct, her platform was extreme leftist as in Brazil & Venezuela.
Thanks in advance for some insight into this.
It was a joke, but to give an answer anyway, the US dollar would *not* gain strength. The Peruvian nuevo sole would instead *lose* strength.
And the reason would be a mass exodus of money out of Peru as everyone with money would fear that Peru would be going the way of Venezuela.
In reality it probably wouldn't be a very sudden thing, because she would not have had much support in Congress, so most of her plans would probably go nowhere. At least for five years. Who knows how bad things could have gotten by the next election. But on the other hand, she might have had enough power as President to stop the mines, which would pretty much immediately kill Peru.