Mexico Deal Puts Peso in Play While Global Trade Worries Persist
- U.S. dollar caps worst week of losses since February 2018
- ‘A positive Monday for a change?’ asks Vanguard Markets’ Innes
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Investors returning to work Monday have a glimmer of optimism on trade to welcome them while underlying concerns about slowing global growth remain as conspicuous as ever.
U.S. Treasury Secretary Steven Mnuchin tweeted he had a “candid” and “constructive” talk on trade issues with People’s Bank of China Governor Yi Gang on the sidelines of the Group of 20 meetings in Fukuoka, Japan. That followed President Donald Trump’s decision to suspend tariffs on Mexico after the two nations reached an agreement late Friday.