The Mexican Peso declined against the U.S. dollar in the European session on Friday, as U.S. President Donald Trump's announcement to impose tariffs on steel and aluminum imports triggered worries about the talks over NAFTA agreement.

Investors are worried that Trump's protectionist stance to impose the tariffs may erode the prospects for a NAFTA agreement, which is currency being renegotiated.

The Mexican currency slipped to a 1-1/2-month low of 18.9791 against the greenback, compared to Thursday's closing value of 18.8297. If the Mexican currency slides further, 20.00 is possibly seen as its next support level.

US Dollar vs MXN (FX:USDMXN)
Graphique Historique de la Devise
De Mai 2024 à Juin 2024 Plus de graphiques de la Bourse US Dollar vs MXN
US Dollar vs MXN (FX:USDMXN)
Graphique Historique de la Devise
De Juin 2023 à Juin 2024 Plus de graphiques de la Bourse US Dollar vs MXN