Trump Was Going to Kill Mexico’s Peso. It’s Doing Just Fine
- Peso has led gains among major currencies since inauguration
- Traders encouraged by ratcheting down of Trump trade rhetoric
Peso Shows Resiliency Despite Tension With Trump
This article is for subscribers only.
The Mexican peso’s hard crash after Donald Trump was elected president came as no surprise given his campaign’s anti-trade and anti-immigration rhetoric.
What few could have predicted was the currency going from being the worst performer following his victory to the best after his inauguration. Since the day before he took office, the peso has rallied 10 percent, twice as much as the No.2 major currency.