Mexican Peso Falls To 1-month Low As Trump Tweets Support For Border Wall

By Joseph Adinolfi Markets MarketWatch Pulse

The dollar surged on Tuesday against the Mexican peso after President Donald Trump tweeted that he remains committed to building a wall along the Mexican border. The dollar rose 1.4% to 18.99, its strongest level in a month, after trading at 18.73 late Monday in New York. On Monday, Trump told a group of reporters that he would drop his demand that funding for the border wall be included in a funding bill that must be passed by the weekend to avert a government shutdown. Instead, he said, his administration will return to the issue in September.

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