Mexican Peso Falls to Lowest in a Year as Nafta Seen Delayed
- Trump wants bilateral Nafta talks but he won’t quit pact
- Mexico strikes back levying tariffs on U.S. pork, steel
Trump Wants Separate Nafta Talks
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The Mexican peso sank to its weakest in more than a year on concern the U.S. may leave the Nafta agreement and try to negotiate two separate free-trade deals with Mexico and Canada.
The currency slid for a fourth day, dropping 1.6 percent to 20.4031 per dollar as of 3:46 p.m. in New York, the second-sharpest retreat among major peers. The cost of insuring Mexican bonds in the credit-default swaps market for five years surged nine basis points to 146.501, climbing for a ninth day in the longest streak since June 2013. Stocks halted a two-day rally.