Adjunct Professor Matt Gold was quoted in a Washington Times article about the Mexican peso gaining strength against the U.S. dollar amid President Trump’s NAFTA renegotiation controversy.
The peso’s unexpected strength comes as investors and analysts sense a softening of Mr. Trump’s actual policy toward the North American Free Trade Agreement and relations with Mexico in general, said Matt Gold, a former deputy assistant U.S. trade representative for North America who now teaches law at Fordham University.
“Trump’s campaign rhetoric significantly contributed to the dramatic decline in the peso against the dollar,” Mr. Gold said. “I think the change in rhetoric and NAFTA renegotiation talks have significantly contributed to its rebound against the dollar.”