Mexican Peso Struggles to Recoup U.S. Election Losses

The Mexican peso’s more than 13 percent rally since Donald Trump took his oath of office and softened his trade talk hasn’t been enough to repair the battering it took after the election. The currency is still down around 4 percent since the vote, lagging peers that are also sensitive to trade with the U.S.: the Canadian dollar, the Chinese yuan and the Korean won. Lingering uneasiness about Trump’s trade policies should continue to haunt the peso, as was seen in this week’s wide swings after the president made opposing comments about Nafta.

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