Mexico’s peso weakens after Trump says he may kill NAFTA


Mexico’s peso weakened more than 1 percent in early trading on Wednesday, reacting to U.S. President Donald Trump’s comments casting doubt on the future of the North American Free Trade Agreement (NAFTA).

Get our news delivered to your inbox every morning. Click here to signup

Initial talks to re-negotiate the trade pact between Mexico, the United States and Canada ended in Washington this weekend with no sign of a breakthrough, and further discussions are due in Mexico City in September.

In a speech on Tuesday night, Trump said he might terminate NAFTA, saying its future looked bleak. The peso weakened more than 1 percent before paring losses to 17.7970 pesos per dollar.

Reporting by Miguel Angel Gutierrez

Compare Listings

Title Price Status Type Area Purpose Bedrooms Bathrooms