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Peso surges more than 2-per cent versus the greenback following US-Mexico deal

  • The Trump administration threatened Mexico with 5 per cent import tariffs starting June 10th.
  • The dollar index also rebounded for the first time in three sessions, with gains of 0.30 per cent.

The Mexican peso soared more than 2-percent after the Trump administration withdrew its proposed import tariff against its North American neighbour, after reaching a migration deal late last week, shoring global equity markets and pushing Treasuries prices lower. At 11.30 AM GMT, the peso was at 19.2035 to the greenback, up more than 2-per cent for the session.