The Mexican peso slipped against the U.S. dollar on Friday after the strongest earthquake in a century, measuring 8.1 on the Richter scale, hit Mexico late Thursday. At least 20 people are confirmed to have died due to the quake, and a tsunami warning has been issued for various Central American countries. The dollar strengthened to buy 17.6945 pesos Friday morning, up from 17.6707 late on Thursday in New York. Prior to the natural disaster, the peso experienced some volatility caused by the renegotiation of the North American Free Trade Agreement between the U.S., Canada and Mexico. The renegotiation of terms is thought to hit Mexico the hardest.
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