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Imelda Medina/Reuters The Mexican peso could drop by as much as 25% if NAFTA collapsed, according to Edward Glossop, Latin America economist at Capital Economics. The Mexican peso was under pressure earlier this week after the Trump administration came out swinging for the fourth round of NAFTA re-negotiations. The Mexican peso could drop like a ton of bricks […]
The Mexican peso is climbing on Thursday after the Trump administration said that, actually, it isn’t going to terminate NAFTA. The peso is up by 1.3% at 18.9419 per dollar as of 7:36 a.m. ET. A White House statement late Wednesday said President Donald Trump told leaders of Canada and Mexico that he will not […]
Markets Insider The Mexican peso is ticking up on Friday. The currency is higher by 0.3% at 19.2125 per US dollar as of 7:46 a.m. ET. The peso jumped earlier in the week after President Donald Trump’s trade adviser, Peter Navarro, said in an interview with Bloomberg, “We have a tremendous opportunity, with Mexico in particular, to use higher rules […]
The Mexican peso is at its strongest level since the day after Trump’s election. The currency is up by 1.4% at 19.6436 per US dollar as of 3:33 p.m. ET on Thursday, after US Secretary of State Rex Tillerson met with Mexican officials. “Let me be clear, there will be no mass deportations, everything we […]
