Trump Trade Chief’s Remarks Rattle Mexican Peso, Canadian Dollar
- Wilbur Ross signals plan to launch Nafta talks quickly
- Negotiations with Canada and Mexico high on agenda, Ross says
Wilbur Ross: Nafta Logically First Thing to Deal With
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The currencies of both Mexico and Canada tumbled after the U.S. President-elect Donald Trump’s commerce pick said renegotiating Nafta will be a priority.
Mexico’s peso sank to record low and Canada’s dollar posted the biggest slide since June after Wilbur Ross signaled new talks with those countries will begin quickly after Friday’s inauguration. Currencies will still be challenged as “Trump risks to trade don’t appear fully priced in,” Citigroup Inc. analysts including Dirk Willer and Kenneth Lam wrote in a note to clients.