# Mexico’s peso climbs as new president hints at congenial relationship with Donald Trump

> The Mexican peso gained 1.4% to 19.68 per dollar, its strongest close in more than a month, after President-elect López Obrador spoke with Donald Trump. The two discussed border security, NAFTA and a possible bilateral trade deal, which eased investor concerns about a combative relationship.

- Date: 2018-07-03 · published 2018-07-03T12:00:00.000Z
- Category: macro · region Mexico · magnitude low
- Page: https://feedsoft.ai/events/64253-mexico-s-peso-climbs-as-new-president-hints-at-congenial-relationship-with
- Commodities: [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

A firmer peso lowers the local-currency cost of US feed imports and supports Mexican buyers' purchasing power. Easing NAFTA and trade-deal concerns also reduce uncertainty for cross-border feed flows.

## Read by commodity

- USDMXN: bearish ▼

## Sources

- businessday.co.za: https://www.businessday.co.za/bd/world/americas/2018-07-03-mexicos-peso-climbs-as-new-president-hints-at-congenial-relationship-with-donald-trump/

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