WASHINGTON (Reuters) - Mexican Finance Minister Jose Antonio Meade said on Friday that Mexico’s peso was reacting with volatility to “tension” in NAFTA talks, but Mexico wanted to reach a consensus to modernize the trade pact to benefit all three member countries.
Meade, speaking on the sidelines of the International Monetary Fund meeting in Washington, said that Mexico was benefiting from a flexible and liquid exchange rate. The peso was hovering near a five-month low on Friday.
“The main scenario that we’re working on is that there is scope in the negotiation of the agreement for a consensus that benefits the three countries. That’s what’s driving us in a negotiation we’re taking part in good faith,” Meade said.
Reporting by David Lawder; Editing by Chizu Nomiyama