The Mexican peso is jumping after Trump says he won't 'terminate' NAFTA

pulse

April 27, 2017 12:56 PM

The Mexican peso is climbing on Thursday after reports that, actually, the Trump administration isn't going to terminate NAFTA.

The Mexican peso is climbing on Thursday after the Trump administration said that, actually, it isn't going to terminate NAFTA.

The peso is up by 1.1% at 18.9823 per dollar as of 7:36 a.m. ET.

A White House statement late Wednesday said US President Donald Trump told leaders of Canada and Mexico that he will not terminate the treaty, but will renegotiate with them.

Earlier that day, Politco reported that the administration is considering an executive order on withdrawing the US from NAFTA. The peso was down by about 2.0% following the report.

As for the rest of the world, here's the scoreboard as of 7:40 a.m. ET:

Japanese yen
said it now sees inflation of 1.4% in 2017, down from its previous estimate of 1.5% and below its 2% target.
euro
Traders will be on the lookout for any clues as to when the central bank might taper its bond-buying program.
Russian ruble
US dollar index
urable orders and initial claims, which will be released at 8:30 a.m. ET, and pending home sales, which will be out at 10 a.m. ET.
British pound

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