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Get updates on the latest economic news and trends and how it affects currency prices and also commentary from experienced currency traders. Updated weekly. Podcast and weekly newsletter coming soon.

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 Mexican currency slid for a fourth day, dropping 1.6 percent to 20.3838 per dollar as of 11:44 a.m. in New York, the second-sharpest re...

The Trump administration announced it’s imposing tariffs on steel and aluminum imported from the European Union, Canada and Mexico, in a move almost certain to trigger retaliation by America’s closest allies.

The decision came hours before temporary exemptions were due to elapse at 12:01 a.m. in Washington on Friday. Th...

April 25, 2018

Mexican Economy Minister Ildefonso Guajardo said on Tuesday that flexibility will be needed to hash out an agreement on a new NAFTA deal, as he prepared to meet with his U.S. and Canadian counterparts later in the day.

Guajardo also underscored that Mexico would not accept any U.S. tariffs on aluminum or steel, saying t...

April 24, 2018

Analysts from Rabobank maintain the forecast that USD/MXN will trade around the 20 handle in June. They see July elections gaining attention. 

Key Quotes:

“Since the end of last year we have suggested that substantial MXN weakness would emerge as campaigning for the Presidential election got under way.  We have also been...

April 23, 2018

Senior trade officials from the U.S., Canada and Mexico will meet again in Washington in an intensified push to reach a Nafta agreement in the next few weeks.

Talks will pick up on Tuesday, after cabinet-level members vowed on Friday to keep up the momentum following consultations with their technical teams over the wee...

Mexican Economy Minister Ildefonso Guajardo lowered expectations that the three Nafta nations will reach an initial deal this week, saying instead he sees an 80 percent chance of an agreement by the first week of May.

“We are within weeks of knowing if the Nafta talks close with success,” according to Guajardo, who is i...

April 3, 2018

Analysts at BBH explain that the Mexican peso and Canadian dollars continue to respond positively to the latest turn in the NAFTA plot.  

Key Quotes

“On Sunday, President Trump threatened to leave NAFTA talks and was critical of Mexico's border controls.  Late yesterday, press report suggested that Trump was pushing for...

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