The Mexican peso experienced a 1% increase against the dollar, reaching 20.40, after President-elect Donald Trump announced a productive conversation with Mexico’s President Claudia Sheinbaum.
This rise in value comes after a week of losses for the currency, making it the top performer among emerging-market currencies.
Trump mentioned on Truth Social that Mexico has agreed to take actions to reduce migration and drug inflow into the United States. This development is considered a significant advancement in U.S.-Mexico relations and could have implications for trade and economic stability in the region.