# Mexican Peso Jumps on Report US, Mexico Reach Preliminary NAFTA Deal - Markets Insider

> The Mexican peso rose as much as 1% against the dollar on August 27, 2018 after reports of a breakthrough in US-Mexico NAFTA talks. Mexico's economy minister said at least one major issue was still pending. The reports indicated the deal was not yet final.

- Date: 2018-08-27 · published 2018-08-27T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/63756-mexican-peso-jumps-on-report-us-mexico-reach-preliminary-nafta-deal-markets
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Currency strength on trade optimism supports Mexican import purchasing power for US farm goods. The gain was tied to headlines and may reverse if talks stall.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- markets.businessinsider.com: https://markets.businessinsider.com/news/stocks/mexican-peso-jumps-on-report-us-mexico-reach-preliminary-nafta-deal-2018-8-1027487150

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.