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Mexico peso slips to one-month low on Nafta jitters

Tuesday, August 8, 2017

Mexico's peso slipped to a nearly one-month low against the dollar on Monday as the impending start of talks to renegotiate the North American FreeTrade Agreement gave the market a renewed bout of jitters.

The peso sank to a record low in January on fears that U.S. President Donald Trump would rip up Nafta, but it has rallied as
his administration has taken a more conciliatory tone and moved to renegotiate the 23-year-old accord.

Source: Reuters