The Mexican peso is climbing on Thursday after the Trump
administration said that, actually, it isn’t going to terminate
The peso is up by 1.1% at 18.9823 per dollar as of 7:36 a.m. ET.
A White House statement late Wednesday said US President Donald
Trump told leaders of Canada and Mexico that he will not
terminate the treaty, but will renegotiate with them.
As for the rest of the world, here’s the scoreboard as of 7:40
- The Japanese
yen is down by 0.3% at 111.37 per dollar after the Bank of
Japan cut its inflation forecast and kept policy on hold. The
bank said it now sees inflation of 1.4% in 2017, down
from its previous estimate of 1.5% and below its 2%
- The euro
is little changed at 1.0899 against the dollar ahead of the
European Central Bank’s meeting. Traders will be on
the lookout for any clues as to when the central bank might taper
its bond-buying program.
- The Russian
ruble is up by 0.7% at 56.7757 per dollar, while Brent crude
oil, the international benchmark, is down by 1.2% at $51.77 per
- The US
dollar index is little changed at 98.99 ahead
of durable orders and initial claims, which will be
released at 8:30 a.m. ET, and pending home sales, which will
be out at 10 a.m. ET.
- The British
pound is up by 0.4% at 1.2896 against the dollar