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Mexico’s Peso Pares Loss on Optimism From Nafta Chief

  • Economy minister says content, not calendar, will be guideline
  • Guajardo to meet with U.S. Trade Representative on Thursday
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Mexico Economy Minister Guajardo speaks with Bloomberg’s Eric Schatzker at the World Economic Forum in Davos.(Source: Bloomberg)
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Economy Minister Ildefonso Guajardo signaled that the Mexican government is willing to negotiate a reworking of Nafta all through the run-up to July’s presidential election. The peso pared earlier losses on optimism for improved odds of a deal.

July shouldn’t be ruled out simply due to the national vote, Guajardo said Tuesday in a Bloomberg Television interview at the World Economic Forum in Davos. The administration of President Enrique Pena Nieto wants an agreement before he leaves office in December.