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Forex News: Mexican Peso Advances To 2-day High Versus U.S.

Mexican Peso Advances To 2-day High Versus U.S. Dollar

01/12/2017 - 06:20:00 (RTTNews)

(RTTNews) - The Mexican Peso climbed against the U.S. dollar in the European session on Thursday, recovering from yesterday's slump following the Trump's warning to impose a "major border tax" on U.S. companies who relocate businesses outside the country.

Trump insisted that he would build a full border wall with Mexico, and force the Mexican government for its payment later.

The Mexican Peso climbed to a 2-day high of 21.64 against the greenback, up by 1.8 percent from Wednesday's record low of 22.04.

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