(Yahoo Finance) Mexican President-elect Andres Manuel Lopez Obrador is likely to add a new wrinkle to already endangered negotiations for the North American Free Trade Agreement (NAFTA) and to the trajectory of the country’s currency and financial markets.
Perhaps the biggest factor weighing on the peso is the future of NAFTA.
Mexico “may take a new approach” with AMLO at the helm, said Juan Perez, senior FX trader and strategist at Monex Inc. That means that NAFTA “is under serious peril,” he said.
