The Mexican peso rallied out of a selloff on Monday after 25% U.S. tariffs on Mexican products, expected to be imposed Tuesday, were delayed by a month as Mexico agreed to reinforce its northern border.

The value of the Mexican peso jumped Monday after President Trump agreed to delay U.S. tariffs on Mexico by a month. The p

The Mexican Peso (MXN) recovered some ground after weakening to an almost three-year low of 21.28 against the US Dollar (USD) as United States (US) President Donald Trump and Mexican President Claudia Sheinbaum agreed to pause tariffs for one month as they compromise to cooperate in security and trade. The USD/MXN trades at 20.53, down 0.99%.