Home Headlines Mexican Peso Falls to Lowest in a Year

Mexican Peso Falls to Lowest in a Year

by sanmigueltimes
0 comment

The Mexican peso sank to its weakest in more than a year on concern the U.S. may leave the Nafta agreement and try to negotiate two separate free-trade deals with Mexico and Canada.

The peso slumped after White House economic adviser Larry Kudlow said President Donald Trump is “seriously considering” seeking separate trade talks with Canada and Mexico.

While he clarified that Trump doesn’t plan to quit Nafta, analysts cited growing concern that a trade pact with the U.S. won’t be approved by Congress before 2019.

Many a Mexican is worried about what might happen to their currency if leftist presidential candidate Andrés Manuel López Obrador wins the election.

The exchange rate went to 20.75 pesos per dollar.

dollar-mexican-peso-usd-mxn

SMT Newsroom

You may also like

Leave a Comment

Our Company

News website that serves the English-speaking community in San Miguel with information and advertising services that exceed their expectations.

Newsletter

Laest News

@2024 All Right Reserved by San Miguel Times

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00