Market News
Dollar lower after U.S. tariffs on Mexico paused for a month - REUTERS
By Hannah Lang
Summary
- U.S. pauses new tariffs on Mexico for one month
- Delay boosts Mexican peso
- U.S. dollar index lower
NEW YORK, Feb 3 (Reuters) - The dollar index was lower on Monday after U.S. President Donald Trump paused new tariffs on Mexico for one month, after the country agreed to reinforce its northern border with 10,000 National Guard members to stem the flow of illegal drugs, Trump said.
Mexico and the U.S. will use the month-long suspension to engage in further negotiations, Trump said.
The delay boosted the Mexican peso . It was last up 1.25% against the dollar at 20.4196. Earlier, it fell to its lowest in nearly three years at 21.2882 per U.S. dollar.
