Mexican peso, Canadian dollar cut losses on report that Trump urges Nafta deal in 2 weeks

The Mexican peso USDMXN, -0.0428% and Canadian dollar USDCAD, +0.0155% came off of their lows against the U.S. dollar on Monday, following a Bloomberg News report saying President Donald Trump was advocating for a Nafta deal to be struck in two weeks. The trading partners are convening at the Summit of the Americas on April 9, scheduled to be the final round of talks, to renegotiate the North American Free Trade Agreement. Both the Mexican and Canadian currencies remained in the red on the day, having traded down earlier on the back of Trump's tweets that linked immigration from the U.S.'s Southern border with Nafta. One dollar last bought 18.2438 pesos, down from the session high of 18.3545, but still up 0.5% on the day. Versus the loonie, as Canada's currency is also known, the buck bought C$1.2919, up 0.1% and off its C$1.2945 session-high.