Mexican Peso Slides To 1-1/2-month Low Against U.S. Dollar
02 Marzo 2018 - 2:15AM
RTTF2
The Mexican Peso declined against the U.S. dollar in the
European session on Friday, as U.S. President Donald Trump's
announcement to impose tariffs on steel and aluminum imports
triggered worries about the talks over NAFTA agreement.
Investors are worried that Trump's protectionist stance to
impose the tariffs may erode the prospects for a NAFTA agreement,
which is currency being renegotiated.
The Mexican currency slipped to a 1-1/2-month low of 18.9791
against the greenback, compared to Thursday's closing value of
18.8297. If the Mexican currency slides further, 20.00 is possibly
seen as its next support level.
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