Peso surges on more ‘neighborly’ U.S.-Mexico tone

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The peso rallied on Friday to a nearly four-month high after the new U.S. commerce secretary offered a softer tone on trade talks and as his Mexican counterpart echoed the sentiment that the two sides could reach a mutually beneficial trade deal. Already the best performing major currency in recent weeks, the peso MXN=MXN=D2 strengthened as much as 2.5 percent to 19.5085 per dollar on Friday, its best since Nov. 9, the day after Donald...

Already the best performing major currency in recent weeks, the peso MXN=MXN=D2 strengthened as much as 2.5 percent to 19.5085 per dollar on Friday, its best since Nov. 9, the day after Donald Trump's surprise presidential election win.

The peso hit a historic low on Jan. 11, after tumbling about 17 . . .

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