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Data: FactSet; Chart: Axios Visuals

The Chinese yuan and Mexican peso, which have both been tied to bets on Trump's election prospects, saw wild swings on election night.

What it means: Few expect Joe Biden to significantly alter U.S. policy toward China if he ends up becoming president, but the Trump administration's increasingly hawkish tone on China in recent days helped move the Chinese currency significantly as betting markets moved in and out of Trump's favor.

  • The dollar's value against the yuan initially fell on expectations of a Biden victory but then rose again as it looked like Trump was poised to win.

The bottom line: By the end of Tuesday night, the yuan was back where it began the day, at around 6.7 yuan per dollar, according to FactSet data.

  • Over the course of an hour and a half, the value of the dollar against the Mexican peso fell to 20.90 pesos per dollar, its lowest since Oct. 26, and rose to 21.91 pesos per dollar, the highest since Oct. 2.

Go deeper

Dec 21, 2020 - World

U.S. warns Chinese investments in Israeli tech industry could pose security threat

Netanyahu meeting with Chinese President Xi Jinping in 2017. Photo: Xinhua/Rao Ainmin via Getty Images

The Trump administration is concerned Chinese investments in the Israeli tech industry could harm Israeli and U.S. national security, assistant secretary of state for Near East Affairs David Schenker said Monday at a conference organized by the SIGNAL think tank, which focuses on Israeli-Chinese academic cooperation.

Why it matters: The Trump administration has previously raised concerns in private about Chinese involvement in Israel’s booming tech sector. This is likely the first time the administration has done so in public.

Dave Lawler, author of World
1 hour ago - World

Americans increasingly see China as an enemy

One in three Americans, and a majority of Republicans, now view China as an enemy of the United States, according to a new survey from Pew Research Center.

By the numbers: Just 9% of Americans consider China a "partner," while 55% see Beijing as a "competitor" and 34% as an "enemy."

Scoop: Leaked HHS docs spotlight Biden's child migrant dilemma

A group of undocumented immigrants walk toward a Customs and Border Patrol station after being apprehended. Photo: Sergio Flores/The Washington Post via Getty Images

Fresh internal documents from the Department of Health and Human Services show how quickly the number of child migrants crossing the border is overwhelming the administration's stretched resources.

Driving the news: In the week ending March 1, the Border Patrol referred to HHS custody an average of 321 children per day, according to documents obtained by Axios. That's up from a weekly average of 203 in late January and early February — and just 47 per day during the first week of January.