Mexican Peso slips as USD/MXN reclaims 20 despite tariff exemption hopes

  • The Mexican Peso reversed its course and dropped against the US Dollar late in the North American session, with no catalyst behind the latter move as market participants digest Trump's tariff rhetoric, which of late hinted at making exemptions on semiconductors and electronics. At the time of writing, the USD/MXN climbs back above the 20.00 figure and gains over 0.12%.