Mexico Peso's on Fastest Rise Since 2009 Thank to Kind Words From U.S.

The Mexican peso is in the midst of its sharpest sustained rally since it recovered from the global financial crisis, thanks to a few nice words from U.S. officials. The currency has gained an average 0.23 percent a day since Donald Trump took office, becoming the best performer in the world as top trade adviser Peter Navarro said a new Nafta should build a “mutually beneficial regional powerhouse” and Commerce Secretary Wilbur Ross said that if both countries reached a “very sensible trade agreement” the peso would recover.

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