Mexico’s peso fell to an intraday low Monday afternoon, following reports from the Wall Street Journal that Canada’s Minister of Foreign Affairs called the U.S. proposals for the renegotiation of the North American Free Trade Agreement “troubling.” Minister Chrystia Freeland voiced her concern about the U.S. approach to Nafta arbitration panels, which allow countries to settle tariff disputes outside of national courts. She also spoke on a proposed sunset clause, which would terminate Nafta altogether unless it was renewed every five years. One dollar bought 19.2321 Mexican pesos on Monday, compared with 19.1359 late Friday in New York. Against the Canadian dollar , the greenback bought C$1.2833 versus C$1.2800 late Friday.
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