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http://www.nasdaq.com/article/mexic...rs-other-latam-currencies-gain-20171013-00843
SAO PAULO, Oct 13 (Reuters) - Mexico's peso, hit a fresh five-month low on Friday on concerns over Mexico's future commerce ties with top trade partner the United States, while other Latin American currencies strengthened.
The Trump administration on Friday demanded that U.S.-made content account for half the value of the cars and trucks sold under the North American Free Trade Agreement (NAFTA), adding to doubts about any potential deal to renew the pact.
The peso, which has weakened as concern for the future of NAFTA has grown, dropped around 0.25 percent.
In central bank minutes published on Thursday, a majority of board members recommended maintaining a prudent monetary policy stance due to "adverse scenarios" in Mexican-U.S. ties, which could heighten risks for economic growth and the peso...
One way or another, Mexico will pay.
SAO PAULO, Oct 13 (Reuters) - Mexico's peso, hit a fresh five-month low on Friday on concerns over Mexico's future commerce ties with top trade partner the United States, while other Latin American currencies strengthened.
The Trump administration on Friday demanded that U.S.-made content account for half the value of the cars and trucks sold under the North American Free Trade Agreement (NAFTA), adding to doubts about any potential deal to renew the pact.
The peso, which has weakened as concern for the future of NAFTA has grown, dropped around 0.25 percent.
In central bank minutes published on Thursday, a majority of board members recommended maintaining a prudent monetary policy stance due to "adverse scenarios" in Mexican-U.S. ties, which could heighten risks for economic growth and the peso...
One way or another, Mexico will pay.