The Mexican peso and Canadian dollar strengthened somewhat against the U.S. dollar on Thursday, after President Donald Trump reiterated that Mexico and Canada could be exempt from the impending U.S. import tariffs on steel and aluminum. The tariffs are expected to be announced this afternoon. Trump also said that it would be easier to renegotiate the North American Free Trade Agreement between the three countries, rather than terminating it. The seventh round of efforts to rejig the trade pact concluded on Tuesday. The Mexican peso rose 0.1% against the dollar, with one buck buying 18.7051 pesos. The Canadian dollar meanwhile remained weaker against its U.S. rival, even though it pared some of its losses following Trump’s comments. The greenback last bought C$1.2942, up 0.3%.
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From:: Stock Market News