c-peso2-RTX2RTX9-Edgard Garrido

The Mexican peso is getting stronger as markets are taking Trump less seriously

18.2 pesos

The Mexican peso is now as strong as it was before Donald Trump was elected president, reaching about 18.2 on the dollar on June 7, from close to 22 on Jan. 18.

Published   |  Photo by Reuters/Edgard Garrido
c-peso2-RTX2RTX9-Edgard Garrido
18.2 pesos

Exchange rate of the Mexican peso versus the dollar

c-peso2-RTX2RTX9-Edgard Garrido
18.2 pesos

Threats included building a border wall, taxing imports from Mexico, and ending the North American Free Trade Agreement.

c-peso2-RTX2RTX9-Edgard Garrido
18.2 pesos

Since the election, Trump’s victory and his repeated threats against Mexico made the peso lose value.

c-peso2-RTX2RTX9-Edgard Garrido
18.2 pesos

But more recently, the currency is getting stronger, indicating that markets are less worried about Trump’s threats.

c-curr-RTS11ORY-Carlos Jasso

Reuters/Carlos Jasso

c-peso2-RTX2RTX9-Edgard Garrido
18.2 pesos

That attitude is echoed on Wall Street, where some executives and investors are listening less to what the president says.

c-peso2-RTX2RTX9-Edgard Garrido
18.2 pesos

They point to the administration’s mixed messages and inability to approve policies.

Published

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