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Peso briefly gains 2% against US dollar during presidential debate

An employee inspects sheets of Mexican hundred pesos notes at the Banco de Mexico printing factory in Mexico City, Mexico.
Susana Gonzalez | Bloomberg | Getty Images

If you want to know who was winning the U.S. presidential debate on Sunday night, just look at the Mexican peso.

The peso gave back gains against the U.S. dollar, with the currency pair trading near levels seen before the debate and was around 19.025 as of 10:04 p.m., ET.

"Trump has gone on the offensive in the debate and scored a few points," said Adam Button, currency analyst at ForexLive.com. "There was some thinking Trump would have a complete meltdown in the debate but ‎he performed well, at least by his standards."

But with about a third of the debate still to go, analysts were quick to attribute part of the moves in the currency cross to general ebbs and flows.