The Mexican peso jumped in afternoon trading on Friday, climbing to its highs of the session after President Donald Trump said he had spoken with Mexican President Enrique Pe�a Nieto and that they would work on a new and "fair" relationship. Trump added that the U.S. would "renegotiate our trade deals, and renegotiate other aspects of our relationship" with Mexico. The comments come a day after Nieto canceled a planned visit with Trump, who has been increasing pressure on Mexico to pay for a wall he want built on the border between the two countries -- one of the real estate mogul's key campaign promises. The peso rose 1.6% against the dollar, trading at 20.87 from 21.22 late Thursday. Despite the rise on the day, the peso is down by about 11% over the past three months, with much of the weakness stemming from Trump's election.
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