The Mexican peso trades its best level since Trump won the election

The Mexican peso is ticking upon Friday.The currency is higher by 0.3% at 19.2125 per US dollar as of 7:46 a.m. ET.The peso jumped earlier in the weekafterPresident Donald Trump's trade adviser, Peter Navarro,said in an interview with Bloomberg, "We have a tremendous opportunity, with Mexico inparticular, to use higher rules of origin to develop a mutuallybeneficial regional powerhouse where workers and manufacturerson both sides of the border will benefit enormously.""The North American area can be a tremendous powerhouse inthe global economy under the right set of bilateral tradeagreements," he added.Notably, individual bilateral trade agreements with Mexico and Canadawould be a change fromthecurrent three-nation trade deal, theNorth American Free Trade Agreement (NAFTA).The peso has gained 12.6% since Trump was sworn into office on January 20.As for the rest of the world, here's the scoreboard as of 7:51 a.m. ET:TheUS dollar index is little changed at 100.38 ahead of several data points: industrial production will be released at 9:15 a.m. ET, the University of Michigan consumer confidence is due out at 10 a.m. ETand the Baker Hughes rig count will cross the wires at 1 p.m. ET.Theeuro is down by 0.2% at 1.0741 against the dollar. Later in the day, German Chancellor Angela Merkel will be meeting with President Donald Trump at the White House.TheRussian ruble is down by 0.2% at 57.8855 per dollar, while Brent crude oil, the international benchmark, is up by 0.3% at $51.91 per barrel.TheIndian rupeeis little changed at 65.462 per dollar.SEE ALSO:What 25 major world leaders and dictators looked like when they were youngJoin the conversation about this storyNOW WATCH: 7 mega-billionaires who made a fortune last year
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