Mexico consumer confidence hits one-year high in July

Mexico's consumer confidence index rose to its highest level in a year, official data showed on Thursday, helped by a recovery in the peso on fading fears of new US tariffs on Mexican goods. The seasonally adjusted consumer confidence index rose to 86.6 in July from 85.1 in June, the national statistics agency said.
It was the highest reading since July 2016. Last month, the peso hit its strongest level in more than a year. US President Donald Trump has moved away from threats to slap tariffs on Mexican-made goods and is set to start talks with Mexico and Canada to rework the NAFTA trade deal.