peso

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).


Receive the PVDN morning newsletter, exclusive content, and Whatsapp messaging for emergency alerts, by becoming a PVDN Supporter, learn more here, Or you can support local media with a one-time donation here


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


Puerto Vallarta News

Compare Listings

Title Price Status Type Area Purpose Bedrooms Bathrooms