Peso Strengthens Ahead Of Mexican Foreign Secretary Meeting With Trump Team

It appears US-Mexico relations are not as rocky as some (cough Vicente Fox cough) would like them to be. The peso is rallying back towards 20/$ (the same level as immediately after Trump's election) as The Hill reports the Mexican secretary of Foreign Relations will meet Trump administration officials Wednesday in Washington, D.C., (after a presidential visit was canceled in January following a public fight over who would pay for President Trump's proposed border wall).

Secretary Luis Videgaray is scheduled to meet Secretary of State Rex Tillerson and Secretary of Homeland Security John Kelly.

 

"It is expected that Secretary Videgaray will discuss topics from the bilateral agenda that have been identified as priorities by President Enrique Peña Nieto: protection of Mexicans in the United States, migration, border security and infrastructure, and the different levels of cooperation between both countries," a release sent by the Mexican government stated.

And the peso continues to strengthen post-inauguration...

Peña Nieto and his advisers have consistently said they would continue negotiations with the United States, despite domestic pressure in Mexico to withdraw from the talks.

Democrats have made repeated calls to normalize relations with Mexico.

"The fact that there’s a meeting suggests there’s an opportunity to resolve the tensions created by Trump and that’s a good thing," said Rep. Michelle Lujan Grisham (D-N.M.), chairwoman of the Congressional Hispanic Caucus.

Of course, Vicente Fox had to have his say...

Sounds like "hate speech" to us?