U.S. futures jumped after the Federal Bureau of Investigation (FBI) again cleared Democratic nominee Hillary Clinton over her use of a private server.
Dow futures traded up 246 points as of 8:28 a.m. ET. S&P 500 futures were up 29 points, while Nasdaq e-mini futures gained 73 points.
The , which has acted as a barometer of the markets' perception of a likely Donald Trump victory, quickly strengthened to reach 18.54 against the dollar after the FBI's announcement, up from levels near 19.50 in the previous week. As of 8:29 a.m. ET on Monday, the dollar/peso traded at 18.6654.
With Canada another near neighbor, the Canadian dollar strengthened to a session high of 1.33 against the greenback after the news, before retreating to 1.339 as of 8:29 a.m. ET.
"The Canadian dollar and the Mexican peso, the two benchmarks for the election due to their close geographic and economic ties with the US, gained strength as a Clinton White House becomes a symbol for continental trade and prosperity," Anthony Darvall, chief market strategist at easyMarkets, said in a note.
FBI director James Comey informed Congress in a letter on Sunday that the agency had not changed its conclusions from those it announced in July, when it said it didn't find evidence to support criminal charges against the former secretary of state over her use of a private server to send government-related emails.
Comey had thrown the White House race into confusion after he wrote to Congress on October 28 to reveal that the FBI was looking into a new cache of emails related to the server investigation, which were uncovered during a a separate investigation into former Democratic Congressman Anthony Weiner.
Stocks came under pressure as race between Clinton and Republican Donald Trump tightened, with some polls showing Trump overtaking Clinton's following the FBI's revelation.
On the data front Monday, a senior loan officer opinion survey for the fourth quarter is released, as well as consumer credit figures at 3 p.m. ET.