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Nafta Is Bigger Risk to Mexican Peso Than Election: Survey

  • Majority surveyed expect peso to end 2018 between 18 and 20
  • 46% say Nafta is biggest risk vs 34% say Mexican election
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Photographer: Susana Gonzalez/Bloomberg

Updated on

Nafta renegotiations are the biggest threat to the Mexican peso this year, outweighing concern about the nation’s presidential election, according to a survey of more than 100 foreign exchange professionals surveyed by Bloomberg at a recent event in Mexico City.

Of those surveyed, 46 percent said the fate of the $1 trillion trade pact is the top macro-economic issue, followed by 34 percent who said the Mexican presidential election was the most important. The eighth round of Nafta negotiations is scheduled for mid-April.