Global stocks gain as Mexico tariffs averted and yuan falls to 2019 lows
Mexican peso jumps on news of deal, while the yuan slips on weak Chinese imports data and as talks to end Sino-US dispute remain deadlocked
10 June 2019 - 08:16
Tokyo — US stock futures and Asian shares rose on Monday after the US dropped its threat to impose tariffs on Mexico in a deal to combat illegal migration from Central America, and as weak American jobs data raised hopes for US interest rate cuts.
The Mexican peso jumped about 2.0% in early Monday trade to 19.2285 on the dollar on news of the deal, while the Chinese yuan slipped to its lowest levels in 2019 on weak Chinese imports data and as talks to end the Sino-US dispute remained deadlocked...
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