The relatively modest rise in the Mexican peso against the dollar in reaction to the positive news flow on Nafta talks suggests that investors are interpreting recent events with caution. Indeed, a number of sticking points – particularly labour content requirements – haven’t been resolved. Elsewhere, while Argentine markets have stabilised, this week’s data showed that the previous collapse in the peso and large interest rate hikes are weighing on growth.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.