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Mexico's peso weakens after Trump says he may kill NAFTA
August 23, 2017 / 12:22 PM / 3 months ago

Mexico's peso weakens after Trump says he may kill NAFTA

MEXICO CITY (Reuters) - Mexico’s peso weakened more than 1 percent in early trading on Wednesday, reacting to U.S. President Donald Trump’s comments casting doubt on the future of the North American Free Trade Agreement (NAFTA).

A woman is reflected in a board displaying the exchange rate for Mexican peso and U.S. dollar at a foreign exchange house Mexico City, Mexico August 23, 2017. REUTERS/Carlos Jasso

Initial talks to re-negotiate the trade pact between Mexico, the United States and Canada ended in Washington this weekend with no sign of a breakthrough, and further discussions are due in Mexico City in September.

In a speech on Tuesday night, Trump said he might terminate NAFTA, saying its future looked bleak. The peso weakened more than 1 percent before paring losses to 17.7970 pesos per dollar.

Reporting by Miguel Angel Gutierrez

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