Economics
Mexico Traders See Time Running Out for Nafta Deal to Save Peso
- Any rally from trade accord may be short lived, analysts say
- Options reflecting big price swings over next few weeks
This article is for subscribers only.
Mexico peso bulls counting on a Nafta agreement to bolster the currency may be running out of time.
While negotiators are working to reach at least a preliminary trade deal by the end of this month, prospects for an accord are far from certain. At the same time, investors are growing increasingly concerned about a peso rout if the left-wing firebrand leading polls goes on to win July’s presidential election.