World's Best-Performing Currency Gets Boost From Trade Optimism
- Mexican peso has rallied to three-month high on Nafta outlook
- Trump’s negotiator is latest to suggest possible August deal
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Optimism about Mexico reaching a Nafta trade deal with Donald Trump is making the peso the hottest currency in the world.
The currency has rallied about 7 percent this month, the most among more than 140 peers tracked by Bloomberg, as concern about leftist presidential election winner Andres Manuel Lopez Obrador gave way to optimism about his economic pragmatism and expectations for a potential trade deal. President Trump has been negotiating with Mexico and Canada for more than 11 months to update the pact, which he said has been a “terrible deal” for the U.S.